I'd agree with you on the spook involvement based on what I have seen having been one who first started using it when it was still in beta.

Money in its current implementation has some problems, namely it favours the low credit risk individuals as they get the best (lowest) rates of interest in order to speculate on assets like property, so just like people have been ethnically cleansed in the past, todays version of FIAT money financially cleanses individuals regardless of their abilities. Thats not really fair is it for bright minds who could have a massive positive effect on mankinds future.

The laws in most countries favour the rich, not the most intelligent and when I was invited to spend the day with Michael Cusumano along with 13 other individuals from across Europe back in the early 00's, I learnt that once VC money enters a company, typically a founder will be kicked out in a year or two's time.

Of course, we see this has now changed with the likes of Page & Brin and others with big tech firms who have special shareholder rights, but back then thats kind of how things operated with VC money.

Money also needs a constantly expanding money supply in order to stand still which is why we saw the introduction of Quantative Easing right after the financial crisis and the abolition of the Gold standard decades ago. Another problem with inflation is it does not measure the decline in quality, so cheaper ingredients in food, or the shrinking product sizes are not measured in Govt inflation reports so people can be misled by company bosses who typically gave pay rises based on annual inflation rates.

As some of the biggest tax avoiding companies have shown, theres no traceability for Govt's to pursue tax as it goes around the planet into different legal entities in tax havens and so on.

Bitcoins can be traced providing a certain level of anonymity but even bitcoins put through tumblers can be traced when you have the network oversight that the spooks have. www.zdnet.com/article/after-silk-road-seizure-fbi-bitcoin-wallet-identified-and-pranked/

The spooks also like their experiments, after all who invented the IQ test?

You see debt is money, but as we learnt with the Weimer Republic, when a currency falls out of favour, hyper inflation is a dead cert not to mention trouble and strife. In addition gold & cash is untraceable which facilitates crime, Bitcoins is traceable and is also very quick to move around the world so its ideal for keeping the money velocity up, one of the reasons why QE was carried out. http://www.zerohedge.com/sites/default/files/images/user5169...

When the publics appetite for debt goes, the Govt has to step in a print money to fill the gap. You see everytime someone takes on debt like a mortgage it increases the money supply, the govt gets its slice with taxes and so on.

Under FIAT, debt is money, most of it is printed out of thin air although different lenders were operating on different leverage rates, partly why banks like Northern Rock collapased. So many people dont know how money is created and still believe its backed by Gold, but Gold is not finite, it can be mined and created by bacteria in small amounts, it also slows up the global economy which is why the Gold Standard was abolished.

Whilst taxation addresses the redistribution problem for the less fortunate and provides public services like education and roads, if people stop spending, trade dries up and thats how wars start with the added risk that we now have nuclear options.

You also have "logistical" problems with computer systems that need to start accounting for ever greater amounts of money under the FIAT system. I'll never forget having to increase the digits for a payroll system some years back the day after Boxing day when a traders bonus couldnt be paid as there were not enough digits to transfer the funds. At the time the system was written, it was thought that would be sufficient for decades into the future.

We also live on a finite planet, and considering so much of our lives are restricted by the amount of money we have in our pockets, its a useful control mechanism when laws do not deter criminal behaviour. This even applies to Govt's who print their own currencies. The FED and CIA have the only plates, so who wants the CIA printing money to fund revolutions around the world destablising countries, harming innocents caught in the cross fire?

Other problems with FIAT money include things the derivatives market. The global GDP is around $70 trillion, the derivatives market is anyone's guess but whilst in theory everything should cancel each other out if it was unwound, no one really wants to test the theory as it standards at over $700 trillion!

I also cant help but notice the irony that Panama where the Bitcoins domain is registered is the only country that has no central bank.

I think you will see Satoshi pop up sometime in the future, after all the entity is on their way to being a billionaire when it takes off, although some would argue its already taken off, yet its market capitalisation is miniscule in the global scheme of things compared to say Gold or other financial products.

In the meantime, the experiment will continue to run and be observed, no doubt with many psychologists using this to further study human behaviour.