Austrian Central Bank and Federal Economic Chamber Planning Lecture on Bitcoin
An interesting submission today on Reddit revealed that the Austrian Central Bank and the Austrian Federal Economic Chamber are planning to hold a lecture surrounding the topic of bitcoin. The event, entitled Money Without Banks? The Bitcoin Case (rough translation) is taking place on the 22nd of April in Innsbruck, and covers the potential implications of bitcoin on the current financial system. As provided by the submitter of the post, who says he went to the Economic Chamber to discuss a bitcoin business he is planning to start, here is a very rough translation of what the pamphlet....
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The greatest accomplishment of Satoshi's technological advancement must be the ability to make huge power structures irrelevant. Making money and the financial system based in math and not in the whims of central authority is the most revolutionary change we may see in our time. However, there is a growing political thought that opposes the traditional monetary system for all the wrong reasons. Greenbackers are fiat money supporters that want to end the Federal Reserve and central banks in order to give the power of money to the government, allowing the state to print off money instead of....
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The newly-established Chamber of Digital Commerce has reportedly registered a spending PAC (political action committee) with the Federal Election Commission (FEC), according to political news website The Hill, citing recently-disclosed documents. The formation of the PAC doesn't mean the Chamber is planning to put their support behind any particular candidate at this juncture, but it is in preparation for things to come. And just what those things are is anyone's guess. "We're in the very earliest stages of setting up," said Perianne Boring, President of the Chamber, to The Hill. "We....
The Austrian and German governments are funding a research effort focused on the use of digital currencies in organized crime. Dubbed ‘BitCrime’, the initiative is backed by a number of governmental agencies in the two countries, and is split into two sub-projects. The German sub-project is primarily supported by the German Federal Ministry of Education and Research, and has a budget of €1.8m (roughly $2m). Other supporting institutions include the country’s Federal Criminal Police Office, the University of Münster, and a number of federal offices dedicated to law enforcement and financial....