Decentralized Barter Currency Gaining Traction
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?
