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.
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 :)
mattrferr 4 months ago