Bitcoin - An idea that will change the world
Bitcoin’s emergence in the zeitgeist began in a quiet corner
of Europe in March 2013. Reeling from a banking crisis, the
Government of Cyprus did the unthinkable for a Eurozone
economy: it imposed a two-week holiday on domestic banks,
levied a 10 percent tax on uninsured deposits and imposed
strict capital controls. With that move, Cypriots, as well as
their vulnerable neighbors in the Eurozone’s southern
periphery, came to realize that no government can be fully
trusted to honor the savings of ordinary people.
http://assets1b.milkeninstitute.org/ass ... 3-MR68.pdf