The
same Chancellor who still tries to
claim that a global financial and
banking crisis, which began in the USA and echoed round the world, was somehow caused by or
made worse by levels of public spending here in Britain — when as Shadow Chancellor, before the crash, he had pledged to match Labour's spending plans.
While I personally believe that Obama is speaking of encryption as a whole, many bitcoin advocates have
made the
claim that he is talking specifically about bitcoin since it provides many of the
same features as a swiss
bank account but without the human vulnerabilities.