14 Nov '12, 6pm

Douglas French - Currencies of the Future #bitcoin

Douglas French - Currencies of the Future Douglas E. French, senior editor of the Laissez Faire Club (@LaissezFaireBks ) is the latest to take notice of the ECB policy brief Virtual Currency Schemes and describes good reasons Bitcoin deserves the attention it is getting. Excerpts: “The answer to the currency question may not be to reform government in a way that it can’t reasonably be reformed, but to turn loose entrepreneurial genius to solve the problem. […] This is a particularly risky area. There are currency entrepreneurs sitting in jail for competing with the government.” - “Not all individuals gain [knowledge of a currency’s worth] all at once. A small number of people recognize the marketability of certain goods before most others. These might be considered currency entrepreneurs.” - “While people contend that money must be this or must be that, or come from here, ...

Full article: http://www.bitcoinnews.com/post/35714316106/currencies-of...

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