Gary, attached is link to another good article about alternative currencies. I personally wish that Greece were out of the EU--they won't have a chance to recover otherwise.
On Wed, Jul 22, 2015 at 12:30 PM, Merle Lefkoff <merlelefk...@gmail.com> wrote: > Nice candid response, Gary. And I read with great interest your earlier > posts about Ecuador. > > The thing to pay attention to, I think, is that because of the global > failure of the structures in the present Bretton Woods system, some > outliers around the world are serious about delving into the idea of > alternative currencies for a new, more transparent, participatory economy > completely outside capitalism. There is a serious grass-roots movement in > Santa Fe around public banking, which may be even more interesting. > > On Wed, Jul 22, 2015 at 12:15 PM, Gary Schiltz <g...@naturesvisualarts.com > > wrote: > >> Digital currency fascinates a lot of folks, including me. A lot of folks >> also don’t trust it, including me. I have no reason that I can easily >> articulate why I don’t trust it. Mostly, I think it’s because I don’t >> understand it very well, and that, in turn, is because I haven’t put in the >> effort. Or, perhaps it’s more that I don’t really understand the >> implications of money, in general. It really is a most un-natural idea, >> when you come right down to it. It’s just a token that represents >> agreements among people within this other crazy thing that we have >> invented, called government, that legislates a monopoly on the creation of >> this un-natural substance (money). I’ve heard lots of horror stories about >> hyperinflation in countries that start generating lots of money (I do know >> that this is impossible with digital currency), and this in turn leads to >> people not wanting to accept the currency, which feeds into some kind of >> feedback loop until the whole thing (government, currency) comes crashing >> down. So, unless people really understand this new thing (digital >> currency), will they accept it? Will they trust it? I don’t know. >> >> Somewhat pertinent to the thread about Ecuador that I started a couple of >> weeks ago, Ecuador is strongly pushing its own digital currency. It claims >> that all of it will be backed in the central bank by American dollars >> (which it adopted in 2000). As part of the legislation to introduce its own >> digital currency, it also made it illegal to use any other digital >> currency, e.g. Bitcoin. Some see it as a way of a backdoor exit from the >> dollar. I have many unanswered questions myself, including whether the >> software to generate manage the currency is open source, and if not, has >> the government somehow added a back door for creating more. Here >> <http://www.theguardian.com/world/2015/feb/26/ecuador-digital-currency-dollar-rafael-correa> >> is one of many articles in English about this. >> >> On Wed, Jul 22, 2015 at 12:30 PM, Merle Lefkoff <merlelefk...@gmail.com> >> wrote: >> >>> http://www.coindesk.com/coin-center-bitcoin-advocacy-launch/# >>> >>> >>> >>> -- >>> Merle Lefkoff, Ph.D. >>> Center for Emergent Diplomacy >>> Santa Fe, New Mexico, USA >>> merlelefk...@gmail.com >>> >>> >>> >>> ============================================================ >>> FRIAM Applied Complexity Group listserv >>> Meets Fridays 9a-11:30 at cafe at St. John's College >>> to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com >>> >> >> >> ============================================================ >> FRIAM Applied Complexity Group listserv >> Meets Fridays 9a-11:30 at cafe at St. John's College >> to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com >> > > > > -- > Merle Lefkoff, Ph.D. > President, Center for Emergent Diplomacy > Santa Fe, New Mexico, USA > me...@emergentdiplomacy.org > mobile: (303) 859-5609 > skype: merlelefkoff > -- Merle Lefkoff, Ph.D. President, Center for Emergent Diplomacy Santa Fe, New Mexico, USA me...@emergentdiplomacy.org mobile: (303) 859-5609 skype: merlelefkoff
Guardian on alternative currencies.docx
Description: MS-Word 2007 document
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