Digital Coin - Paul Grignon on Economics 101
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Uploaded by corbettreport on Nov 18, 2009
Paul Grignon, the creator of the popular "Money as Debt" documentaries, joins Economics 101 to discuss his solution for an alternative currency. Digital Coin operates as a system of unique digital objects that function as self-issued credit. The value of this is measured relative to a "Perpetual Coin" unit of measure and fluctuates based on demand for that individual's goods and services. For much more information on this fascinating idea, please visit the Digital Coin website:
http://www.digitalcoin.info
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@DCUPtoejuice well it wouldn't but you would get something of value when they expired. A oil future for instance is a form of derivative.
a CDS is multiple selling of value on an "event" and would require a digital coin being in several places at once on expiration.
which isn't possible AIUI
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@mididoctors how does that preclude the creation of derivatives?
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@DCUPtoejuice In theory its impossible because the redemption side is always linked to the original creator
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Would this then spawn a digital coin credit default swap? LOL
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Paul is the man. When can I come up to Canada to take a course?
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1:32 "we sign a loan and the bank takes that as a promise from us and gives us a credit and then we spend the bank gives us a promise that they'll pay up but not to their promise to pay that and we have a checking account" - a little unclear
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KolonelPanic 2 years ago 8
This would require legalization of competing currencies. Yes? I believe that is what Ron Paul advocates. Although Paul advocates a gold standard, that is only as a means to limit the growth of government spending and he ultimately wants free competition like this.
DCUPtoejuice 3 months ago 2