[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: backing?



> 
> * The role of *gold* is tangential and secondary. Any stable currency
> would suffice, and in fact gold bullion would be no more desirable
> than yen or Deutschmarks.
> 
...
> ..........................................................................
> Timothy C. May         | Crypto Anarchy: encryption, digital money,  
> [email protected]       | anonymous networks, digital pseudonyms, zero
> 408-688-5409           | knowledge, reputations, information markets, 
> W.A.S.T.E.: Aptos, CA  | black markets, collapse of governments.
                                          ^^^^^^^^^^^^^^^^^^^^^^^
Cognitive dissonance.  Care to explain?

I agree with Perry and Doug on this one--if not gold as backing, then
perhaps virtual-world resources instead, such as information, or storage
space, or CPU time.  But not existing, government-backed currencies, at
least in the long run.

Robert