The new digital money of the Information Age will retain control over the medium of exchange of the owners of wealth, who wish to preserve it, rather than to nation-states that wish to spirit it away.
Use of this new cybermoney will substantially free you from the power of the state. No currency has suffered a smaller loss from inflation since World War II than the German mark. Yet even so, 71 percent of its value vanished between January 1, 1949, and the end of June 1995. The world reserve currency during this period, the U.S. dollar, lost 84 percent of its value. This is a measure of the wealth that governments expropriated by exploiting their territorial monopolies on legal tender.
