What is the bitcoin backed by? As in gold itself is backed by itself and works GREAT but once again doesn't happen instantly like digital transactions and those wanting them need/want.I guess since most who would be interested in bitcoins are also aware of the current economy, where our government ( and others ) are trying to take us AND if they succeed I don't see the point in a digital currency but rather something that can be locally traded like shire silver or other "physical" goods.Read more »
An interesting article/interview with alternative market activist Brandon Smith on alternative markets, barter systems, local cooperatives, and competing currencies.Read more »
The trending toward alternative currencies in Michigan have been getting more attention since last week, when Connect Mid-Michigan did a short write up about it. There has been recent discussion both in blogs and mainstream media, including The Financial Post and NBC.Read more »
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