Tuesday, June 7, 2011

The possible replacement for the dollar?

Hello all,

As was discussed in previous posts about the possible economic collapse and a possible emergence of a new time of currency, it seems there was something brewing that I wasn't paying attention to.

It's called the bitcoin. And I'm very interested in seeing how this could play out.

Here's a vid to explain it...

To me, the implications are staggering. Imagine a place where there's no central authority controlling money. No banking entities, no government controlling the ebb and flow of the money supply.

And instead of paying using cash, you'd be able to use bitcoins and therefore bypassing the usual channels for transactions.

Can you imagine everyone using bitcoins instead of cash? Cash would end up being useless and the government wouldn't be able to function because they would not be able to collect as much taxes (if any at all).

Of course, the government would not be too happy about having people using an alternate currency that they can't control.

But overall, I like this idea and hope it picks up steam...

Thanks for reading!


1 comment:

Anonymous said...

smoke smoke smoke. for the past 5/6 days or so, because of a huge ass fire in eastern arizona,the southwesterly winds r bringing their fire smoke into my city. whether u have a car or not, being out in it is a friggin' hazard n nuisance. they can't contain this arizona fire yet. way too huge. so don't take ur normal, clean air for granted ppl. we all do it, but shouldn't.without good air to breathe, wat do u have? i've been wearing one of those white face masks. hope it all 'blows over' in a few days. best wishes needed!

Blast from the posting past