An Emerging Free Market Currency

This is extremely interesting. Gold is not the only solution for a currency. It was just the best before the digital age. What we need is a fixed amount of digital money and it has to be encrypted, de-centralized, and easily-audit-able.

Bigcoin.org. I will be looking for into this stuff and will post up at some later date about them. Food for thought.

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An Emerging Free Market Currency

http://silverbearcafe.com/private/06.11/bitcoin.html



"I'd feel a little stupid buying these things," a dear friend of your editor's recently remarked. "But that's probably not, in and of itself, a bad thing. After all, I felt pretty stupid buying gold back when it was still $250 per ounce."

Our friend was referring to a peer-to-peer (P2P) cybercrypto currency called bitcoin. What is bitcoin? How is it used? What are the risks? Let's begin where all good non-Tarantino stories begin...at the beginning.

The demand for a totally free market currency arose, naturally, out of the dismal state of the current monetary environment, in which governments around the world systematically debase the value of their printed monies in order to pay for the various welfare-warfare states they promised but can't possibly afford. The resulting inflation is sometimes referred to as a "sneaky tax," one that silently, insidiously infiltrates the marketplace, with each freshly-inked dollar compromising the value and integrity of each and every currency unit already in circulation.
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