SurvivalBlog’s Cheryl N. (also known as The Economatrix) recently sent me a link to a news article that deserves special attention: Peer-to-Peer Currency Takes Banks Out of the Picture. In my estimation, Bitcoin has the potential to trigger a huge shift in how business in conducted via the Internet. . Think of it as a “Local Currency” (such as the well-known Ithaca Hours experiment), but that is scaled up to be a Populist Global Currency. Because of the distributed architecture, it is beyond the control of banks, governments, and taxing minions. Now that is economic freedom! I highly recommend that folks get involved with Bitcoin!
I plan to write more about Bitcoin and other alternative currencies, in the months to come.
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