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To: Sean_Anthony
The author of this article seems to me to be grossly uninformed about current digital money technology. She equates it with having a one-world-currency.

The reality is that current digital money technology takes power AWAY from governments, rather than giving it TO governments.

Current digital money technology--for example Bitcoin, but there are many others too--enables freer flow of trade in much the same way that the internet enabled freer flow of information.

8 posted on 03/29/2016 9:14:52 AM PDT by Stat Man
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To: Stat Man

By “digital money”, most are referring to the chain of IOUs stretching from the Fed to your debit & credit accounts - a line of debt, with every penny tracked for who owes what to whom, and traced far enough is clear it all belongs to Caesar.

Yes, Bitcoin exists and is a viable attempt at a mathematical equivalent of gold, being completely anonymous (though what a bitcoin’s inherent value is escapes me) and a supply growth rate approximating GDP increase. It remains viable only because, to my ongoing astonishment, governments haven’t banned it yet.


10 posted on 03/29/2016 9:26:06 AM PDT by ctdonath2 ("Get the he11 out of my way!" - John Galt)
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To: Stat Man

Yeah, Bitcoin and its imitators are great....just don’t try to buy a loaf of bread with the stuff.


11 posted on 03/29/2016 9:27:58 AM PDT by Fred911 (YOU GET WHAT YOU ACCEPT)
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To: Stat Man

I have not carried cash on me for at least ten years. Debit card or credit. I can buy anything from a loaf of bread to a car if needed.


12 posted on 03/29/2016 9:39:27 AM PDT by Snark
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