Hi,
Very exciting news about the momentum building for Bitcoin. I just posted a summary on my economics blog, "The Monetary Future", which can be found at
http://themonetaryfuture.blogspot.com/2010/03/bitcoin-peer-to-peer-electronic-cash.htmlThe blog focuses on digital online exchangers and anonymous digital currencies penetrating the market so that we may all protect our financial privacy. Should be interesting and entertaining for many on this forum.
It is always amazing to me that the same people respecting the anonymity of a paper $100 bill do not seem to respect that same privacy when it is extended into a 'digital cash' equivalent. A digital bearer certificate, privately issued, would emulate the anonymity and untraceability features of a paper bill just like the ones in use today. The cryptographic technology exists now. Privacy should not be sacrificed simply for the sake of going digital.
RESIST DIGITAL MONEY......UNLESS IT'S ANONYMOUS
http://themonetaryfuture.blogspot.comExcellent. It seems like many of the Austrian School are stuck on gold as the only "true" currency. While that may be true in the physical world, it will never be able to compete with fiat systems in the digital world. There needs to be an alternative. I hope many of them come to understand that currencies like Bitcoin don't want to replace gold, but to augment it in the digital world.