The Davos plan for your cash and Bitcoin

by Wendy McElroy

“The war on cash is a war to eliminate physical money and drive all currency exchanges into the digital realm. For some bitcoin enthusiasts, this signals greater legitimacy and wider adoption. But for the war on cash to achieve the goals desired by states and central banks, the digital realm must be under state control and tightly monitored by authorities. Bitcoin, as a vehicle of personal freedom and independence, will be driven underground or gutted by regulation. To the extent it can, the EU will cripple its competitors — the free market and dissident individuals — even if it needs to co-opt internet access in the manner of an emerging nation.” (02/15/17)