miner wrote:- plenty of cheese heads available.
you must have missed part of my point intended..

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miner wrote:- plenty of cheese heads available.
landlordnightmare wrote:cb.. By all means - Scotland can go for 'bit coins'
I love a volatile currency in order to make a few quick bucks........
Hairyloon wrote:I can see why the banks do not like it: imagine an independent currency that they cannot manipulate. No wonder they are up in arms against it.
Obviously, if there is a big hole in the cryptography, then it is a complete lemon, but that may just be gossip.
It is a new thing, it is bound to be volatile to begin with. This latest hiccup will either kill it or stabilise it.
landlordnightmare wrote:It seems you still miss the point - it, as any currency, still represents a DEBT.
Hairyloon wrote:A pound is worth a pound.
landlordnightmare wrote:Hairyloon wrote:A pound is worth a pound.
Well the point is - IT ISN'T - it depends upon what you want to convert the pound into. It is useless on its own (unless you fancy eating the coins!)
Hairyloon wrote:landlordnightmare wrote:Hairyloon wrote:A pound is worth a pound.
Well the point is - IT ISN'T - it depends upon what you want to convert the pound into. It is useless on its own (unless you fancy eating the coins!)
Let me get this straight: you are saying that currency has to be based on debt, so national currencies are sound because you can call in the debt: i.e. exchange it for currency.
However, if you have got something which only has worth because people have enough confidence in it to exchange goods for it, then that doesn't count as currency because it is not based upon debt...
landlordnightmare wrote:People will (should) only exchange real goods or services for something they have trust in being as worthwhile for them.
Barter works. Currency just facilitates markets - as if every time you wanted to go shopping you had to bring in your own pig/beer/carrots to swap for the cream pie you wanted life would be more difficult.
The fact that national currencies have been changed to be debt might be a corruption of the original ideas.
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