It argues that cash, precious metals, and alternative currencies should be done away with and that we should all become dependent on digital bank accounts controlled and monitored by the government- That way, if a bureaucrat is confused by any transaction you are doing they are free to just freeze all your funds at a moment's notice.
Hope you enjoy living in that world!
> So what is all that cash being used for? The answer is simple: a large part is feeding tax evasion, corruption, terrorism, the drug trade, human trafficking, and the rest of a massive global underground economy.
Don't expect me to be automatically convinced that tax evasion and corruption are making me poorer and less safe. Tax evasion makes everyone except the government richer and corruption makes it possible to buy freedom (such as in countries with drafting).
States may profit from trade restrictions individually, but if everyone restricts trade of whatever he wants, world is just driven into Nash equilibrium, where everyone is poorer than without restrictions. Corruption makes it possible to bypass these restrictions by bribing the customs. So corruption also makes us richer.
Oh, really? The alternative to modern taxation is not no taxation, but rather massive taxation where it's hard to evade (for example customs) of the kind we had in the middle ages. While we can come up with arguments for and against this, there is a strong positive correlation between tax evasion and poverty, which means that the burden of proof lies on you.
>So corruption also makes us richer
So, would you say that the music industry's lobbying in Washington makes the US richer? Corruption is the mechanism by which established players stack the deck against newcomers, avoid environmental and health regulation and so on and so forth.
Listen, governments make the world go round. Countries with bad governments become poor. Countries with good governments become rich.
The way to beat bitcoin, if you're a state, is to control it. For example the US government confiscated from DPR something like 7% of all BTC that will ever exist. China's mining facilities happen to control a large portion of the network's hashing power. The NSA has undoubtedly studied ways to DDoS the network. Etc.