2011-06-03libertariannews.org

This article is about bitCoin -- a "virtual currency standard" made inflation-proof and secure by the intelligent use of cryptography. While bitCoin is not a "total" monetary solution and not for everyone, many people here may like it and may find it useful for online commerce. The author of this article is somewhat hostile to gold (relative to bitCoin), but there's no reason the two cannot work together at sometime in the future (i.e., with bitCoin-gold exchanges).

Ultimately, many of the ideas and technologies being used in bitCoin will need to be employed to make a 21st-century monetary and banking standard that cannot be controlled by the present money power interests.


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