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Stallman warns about Bitcoin peril
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Old 3rd December 2013, 06:49   #1
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Default Stallman warns about Bitcoin peril

Richard Stallman, president of the Free Software Foundation warned that there needs to be a new form of electronic currency which is protected from NSA spy agency data mining.

According to RT Stallman told a London gathering of Bit coin fans that while Bitcoin has its benefits, it is not up to the standard of a safe digital currency that would shield a payer from being tracked by companies and, ultimately, by intelligence agencies.

He said that an anonymous payment system is also required for us to start "taking control of our digital lives".

He said that Bitcoin's problem is that it might get used for tax evasion. But he said that some of the biggest problems of tax dodging are legal and if governments want to put an end to tax dodging, tax laws need to be changed so that businesses can't offshore their profits.
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