You Win the Internetz!

May 05, 2011 08:36 +0000  |  Economy, Politics, Technology  |  0

I just read a really fascinating article about a new technology called "distributed cryptocurrency" and its far-reaching implications into world economies and government policy. If you haven't heard of BitCoins yet (a form of cryptocurrency that's gaining popularity), it's basically an uncontrolled, untraceable currency that's presently being used as payment for services on some websites. The assumption is that at some point this currency will break into tangible goods (if it hasn't already) and then everything changes: taxation, welfare, markets, everything:

The author of the article, Rick Falkvinge, is the founder of the Swedish and first Pirate Party. Far from a joke, the Pirates already have a small number of seats in the European Parliament and are gradually gaining support if for no other reason than that they actually understand concepts like peer-to-peer file sharing and distributed cryptocurrency. If you're curious at all about where we're headed, Falkvinge's blog is a good place to start.


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