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This could be a good opportunity for a new international credit and currency system. I think an open standard, private sector based currency has a better chanc
by jpadkins 16y ago
This could be a good opportunity for a new international credit and currency system. I think an open standard, private sector based currency has a better chance than the G20 agreeing on a new reserve currency (nobody wants to anoint the next US).
Only startup I know working on this is bitcoin, any other alternative currencies?
- bretpiatt 16y agoWe have many "private sector currencies" right now. Most people don't keep their assets in cash. If I buy any hard asset it is a currency -- not as directly liquid as cash since we don't have laws in place requiring a store to take my fine art in exchange for groceries. As far as online currency, Facebook has the best chance to establish this: http://www.facebook.com/credits/ http://www.facebook.com/credits/
- JoachimSchipper 16y agoNow there is a nightmare scenario I hadn't considered yet.
- jpadkins 16y agoInteresting. I thought it would come from the international B2B space, not consumer. Facebook credits is very interesting, thanks!