The Coming Bitcoin Revolution

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SurvivalBlog's Cheryl N. (also known as The Economatrix) recently sent me a link to a news article that deserves special attention: Peer-to-Peer Currency Takes Banks Out of the Picture. In my estimation, Bitcoin has the potential to trigger a huge shift in how business in conducted via the Internet. . Think of it as a "Local Currency" (such as the well-known Ithaca Hours experiment), but that is scaled up to be a Populist Global Currency. Because of the distributed architecture, it is beyond the control of banks, governments, and taxing minions. Now that is economic freedom! I highly recommend that folks get involved with Bitcoin!

I plan to write more about Bitcoin and other alternative currencies, in the months to come.

OBTW, for 10 Cent Challenge subscriptions, SurvivalBlog's Bitcoin address is:
1K7Gk6kqX6psSWDJaRV6pyDH7dwZuvqtUB

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This page contains a single entry by Jim Rawles published on May 9, 2011 8:25 PM.

Letter Re: A Prepping Success Story, and a Question on Grain Storage was the previous entry in this blog.

Finding a Prepper-Friendly Church is the next entry in this blog.

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