Our economy is amazing. Americans are linked to China, Germany, and Japan by the things we buy and sell. This stabilizing force of international cooperation needs to be anchored on something more secure than the U. S. dollar or any other form of government currency.
Bitcoin is a digital currency that supports transactions directly between two individuals without the support of a bank or third party. It is open source, meaning the software is transparent and free. Regardless of whether bitcoin is a worthy currency, the idea is imperative to the stabilization and economic liberty of the world.
The banking system of the Untited States currently operates on the principle that some bankers are so freakin’ smart that they can decide what the ideal interest rate should be. No one entity is that smart.
I would rather have digital gold. Digital gold would be something so widely accepted that almost everyone uses it, a fixed quantity. It would be a computer program that cannot increase the money supply and still remain part of the same program. Thus, it would not remain the same currency.
Private banking systems could easily set atop digital gold systems. A private bank invents it’s own separate currency out of thin air. The advantage is that debt can create even more money through loans. When the debt falls and the loans fail, we would still have digital gold. We would still be free, with a separate loan free currency.
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