Hello,
Considering the increasing public unhappiness with the way our currencies are managed (e.g. the Fed's irresponsible behavior: http://www.bloomberg.com/news/2011-1...in-income.html), I imagine that there will be increasing interest in underground currencies.
I also see the transition to underground currencies as the only way to change the monetary system, as the people that have interests in maintaining the status quo have great political power. This implies that nothing will change, unless the public (i.e. the people that actually add value to the economy) reject the current currency.
The most notable underground currency that I know of is the BitCoin. I would like to ask your opinion on the viability of an underground currency; its pros and cons, etc.
Considering the increasing public unhappiness with the way our currencies are managed (e.g. the Fed's irresponsible behavior: http://www.bloomberg.com/news/2011-1...in-income.html), I imagine that there will be increasing interest in underground currencies.
I also see the transition to underground currencies as the only way to change the monetary system, as the people that have interests in maintaining the status quo have great political power. This implies that nothing will change, unless the public (i.e. the people that actually add value to the economy) reject the current currency.
The most notable underground currency that I know of is the BitCoin. I would like to ask your opinion on the viability of an underground currency; its pros and cons, etc.
The nail that sticks out gets hammered back in