Cue Bitcoin's exodus from New York State.
Yeah, it's going to suck for people in New York.
I recommend the people to leave, too
They sure are trying to drive out all entrepreneurs as fast as possible, the collectivist slavemasters there absolutely cannot stand any hint of self-determination or privately-owned property within their tax farm. Bitcoin is just one example among several:
But the company is also embroiled in a legal fight with the New York attorney general, who is concerned that some landlords are abusing the service and renting their properties illegally.
http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/15/heres-why-airbnb-isnt-worried-about-new-york-citys-crackdown/Well, the so called conspiracy theorists are proving to have called it correctly, next thing you know Obama and Biden will be metamorphosing into reptilians with cloven hooves
.
It turns out that we really are treading on the toes of the biggest, longest enduring and possibly the most ruthless cartel in recent history. They're pretty pissed off about this, don't think you can make any mistake about it. The only really weakness of Bitcoin that can be easily exploited is the public transcation information in the blockchain, but there is more than one way to evolve around the problem.
We can mitigate for it with the various transaction obscuration tools (CoinJoin, CoinSwap, eventually CoinWitness), and there are other new advances in cryptography that can actually prevent this happening at all, by making the system totally anonymous (ZeroCoin being an imperfect attempt, there will be more).
In the end, the monetary paradigm
has shifted, and short of turning the entire world into a totalitarian dictatorship or a dystopic warzone, there's nothing that the old currency cartels can do. Apart from wave goodbye, graciously. Bye-bye!
