Post
Topic
Board Bitcoin Discussion
Topic OP
A New Economy
by
J.K. Schmidt
on 26/04/2012, 10:58:28 UTC
With Bitcoin and innovations like the GLBSE, businesses can now covertly and freely get funding for their companies without the cost or restriction of government redtape and the SEC.

Additionally, they can now pay their employees anonymously in Bitcoins without tax identification, social security withholding and costly payroll formalities. The legal status of employees doesn't matter and any other legal restrictions are moot.

Will this not create a boom for internet-based businesses that decide to put themselves under the veil Bitcoin and other technologies provide?