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It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong
Thomas Sowell  
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Finance Without Fingerprints
Published : February 20th, 2013
107 words - Reading time : less than a minute
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American Banker aired this encouraging financial privacy video on Friday, February 15, 2013:
 

Physical cash is on its way out and won't be missed, but even in an all-digital future the option of anonymous, untraceable consumer payments must remain, Executive Editor Marc Hochstein argues. Bitcoin and past digital cash schemes show it is technically feasible and that banks can play a role. But regulations and the industry's conservatism augur poorly for payment privacy, and a frank and open debate will be required.

Related Articles:
Will Banks Ever Be Digital Privacy 'Heroes'?
Why Some Payments Should Remain Anonymous 
A Dystopian Vision of Banking from the 'Mad Men' Era

 

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Jon Matonis

Jon Matonis is an Austrian School economist focused on expanding the circulation of nonpolitical digital currencies. He argues that what is about to happen in the world of money is nothing less than the birth of a new Knowledge Age industry: the development, issuance, and management of private currencies.
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