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I remember reading the book "The Sovereign Individual" which was written in the 90's. The authors argue that as the internet becomes more abundant, cybercurrenc

I remember reading the book "The Sovereign Individual" which was written in the 90's. The authors argue that as the internet becomes more abundant, cybercurrencies will become popular and over time make it very hard for governments to collect taxes. This would in turn change the world in a lot of different ways. Since I read the book, I have been waiting for someone to create something like this. It will be exciting to see if this will work and if "cyber currencies" will become more widely used.

dwiel 16y ago
The cyber currencies which try to look like traditional currencies will be shut down by the government while they have the power to as stated in other comments. However, I see couch-surfing in a way, as a very lose cyber-currency. It has its limitations: there is only one kind of product in the market which uses the currency, and the amount of the currency you have isn't exactly quantifiable. Still, you can use it to trade services at no cost (or very little) and flies under the radar since there is no exchange of quantifiable value taking place. Reputation becomes a new lose currency. Also see LETS systems which are actively, legally in place around the world.