The gold standard and competing currencies

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Uploaded by on May 31, 2011

Watch the full 29-minute interview at http://www.goldmoney.com/grant-interview. James Grant of Grant's Interest Rate Observer and James Turk of the GoldMoney Foundation talk about the history of US post civil war specie resumption and parallels to a return to the gold standard in the future. Private alternatives and competing currencies are a possibility; if politicians are too slow to provide solutions the market could do it for them.

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  • We need a computer program that holds a fixed quantity of digital coins.

    A decentralized network of peer to peer coin transfers.

    Compatibility within a network needs to depend on a fixed money supply.

    BITCOIN approximates these ideals, and is open source :)

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