TAXES

"ANTIcarrot." wrote:
"A version of pay-pall would get around that. Once the money was transfered
to the internet, a merely local government would have no control over it,
and hence would not be able to track and/or tax it. "

If only it could be so....
With more powerful computers and maturity in Internet infrastructure ("regulation") I would not be surprised if even a local government finds a way to get compensated for transactions conducted partly within their jurisdictions.