Has he? I've seen an announcement about Realcoin. It is purported to to be a cryptocurrency that is controlled in lockstep with the US Dollar. Tell me - exactly how is this to be accomplished? I may be dumb, but I don't see any way that anything that we think of as a cryptocurrency can be pegged to something under control of a central bank. Can't be done.

Maybe Pierce has a viable scheme. I don't think he does. I think he's lying. I think he is just trying to attract fantastic sums of VC money with which he can live large -- just like every other failed business in which he has been involved so far.