The relationship between the nation state and its citizens is a complex one, bound up in a dance of responsibilities and loyalties. In the aftermath of the Arab Spring and the unrest across Europe, in which we have seen the nation state exposed as putting its allegiance to international capital above its responsibilities to its …
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With bitcoin (briefly) hitting a landmark figure of $1000 per bitcoin on some exchanges following the green light seemingly given by the US Senate Hearings, cryptocurrency is here to stay. The transition to a bitcoin economy will see nation states and their governments face substantial challenges to revenue raising through taxation.
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The US government is officially on “shutdown” at the moment, but that didn’t stop the FBI raiding and shutting down the underground drugs site “The Silk Road”. Operated through TOR it enabled people to buy illegal drugs online. Critically the currency in use on the Silk Road was bitcoin, a cryptocurrency that is gaining in …
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