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Decentralized Barter Currency Gaining Traction

BitCoin Digital Currency

In 2006 Douglas Rushkoff, when asked The Edge Question, “What is the most dangerous idea?,” replied, “Open source currency, of course.”

Well now a new P2P digital currency, called Bitcoin, may provide the ideal medium to engage in commerce outside the official economy and  — it’s decentralized, anonymous, and its supply is moderated by a mathematical formula to automatically deflate it over time. A truly dangerous idea.

Eric Blair at Activist Post writes: “The masses are beginning to understand that the greatest threat to human freedom is the international banking cartel and their debt-based monetary system. Together with governments, they squash any manifestation of a free marketplace and personal freedom. Between runaway money printing, corporate cartel control, subsidies and taxes, and regulations and fees; the free market is nothing more than an ideology — for now.”

It would seem that the precise remedy to such a system would be decentralization of currency and banking, or functioning in an underground economy outside the system. There may be hope for accomplishing both with the new crypto-currency that is beginning to gain recognition, the Bitcoin. Can this decentralized barter currency free humanity from the grip of the slave masters and provide for a truly free-market economy?

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