Word: cybermoney
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...style tax cheats would be entranced by an anonymity that would allow them to earn income without forking over a chunk to Uncle Sam. And that means rejiggering the IRS--and quickly. "Digital cash has no boundaries," explains Richard Rahn, president of Novecon Ltd., a technology consulting firm. "The cybermoney revolution makes some forms of tax evasion very easy." And these innovations even call into question the role of the Federal Reserve as arbiter of the nation's money supply. "The more such innovations succeed, the less the public has to rely on central banks as direct sources of exchange...
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