Understanding Why People Are Turning To Alternative Currency
With a failing economy spreading out to cover more and more aspects of service, retail, online products and banking institutions, many more people are curious why government should control the money supply. Called micro-currency and alternative currency this growing trend is gaining in popularity in all parts of the world.
It is amazing how people take it for granite that small pieces of printed paper they use and carry around with them really have any value. Various ways to value or exchange goods are starting to sprout up at a growing rate. Many of them are being used or endorsed by the rich and famous. While it is very unlikely they could ever overtake ordinary forms of currencies like dollars and euros, they are gaining momentum.
These alternative means of trade often become more popular during rough economic times. National money begins to dry up and people still have needs that need to be met. Families still have to buy food, they still have to pay bills and for goods and services. People have had to come up with creative ways to meet all these needs that are not illegal while still being accessible to the average person.
In the US all currency is controlled by the federal reserve. While Americans can use money, it is not really theirs. Defacing currency in the US is a federal crime. Counterfeiting money is one as well. Knowing this it is surprising to learn that 13 states are seeking approval from their state government to mint their own money.
Another trend growing popular is called bitcoin and litecoin. A big advantage with these is that they remain completely decentralized. They are quick, easy and entirely anonymous across the world. People are than willing to start putting their faith into technology over the traditional economic institutions such as banks.
A local type being implemented on the far western side of Massachusetts around Berkshires is called Berkshires. There are roughly 400 businesses locally that take them instead of dollar bills. This includes the 13 banks that are acting as exchange stations for them. This helps build stronger community ties within the businesses who take and their customers.
Even large corporations are getting on the bandwagon too. Large companies like starbucks or amazon are offering their starbucks stars or their amazon coins. These items are exchanged for different goods and services from each company. In the recent past other companies have used this business model like marlboro or camel with marlboro miles or camel dollars. Both were used to exchange for various novelty items when they were sent to the company.
Most advocates for alternative currency use believe they are a simple means of returning power back to the common people who live on the very fringe of this fiscal success. This will give people like the underemployed, elderly or disabled a fighting chance at economic freedom. As things start to get worse it will not be what items you have, so much as what you still have that you could exchange for something else. And this is what all these people are really banking their future on.
It is amazing how people take it for granite that small pieces of printed paper they use and carry around with them really have any value. Various ways to value or exchange goods are starting to sprout up at a growing rate. Many of them are being used or endorsed by the rich and famous. While it is very unlikely they could ever overtake ordinary forms of currencies like dollars and euros, they are gaining momentum.
These alternative means of trade often become more popular during rough economic times. National money begins to dry up and people still have needs that need to be met. Families still have to buy food, they still have to pay bills and for goods and services. People have had to come up with creative ways to meet all these needs that are not illegal while still being accessible to the average person.
In the US all currency is controlled by the federal reserve. While Americans can use money, it is not really theirs. Defacing currency in the US is a federal crime. Counterfeiting money is one as well. Knowing this it is surprising to learn that 13 states are seeking approval from their state government to mint their own money.
Another trend growing popular is called bitcoin and litecoin. A big advantage with these is that they remain completely decentralized. They are quick, easy and entirely anonymous across the world. People are than willing to start putting their faith into technology over the traditional economic institutions such as banks.
A local type being implemented on the far western side of Massachusetts around Berkshires is called Berkshires. There are roughly 400 businesses locally that take them instead of dollar bills. This includes the 13 banks that are acting as exchange stations for them. This helps build stronger community ties within the businesses who take and their customers.
Even large corporations are getting on the bandwagon too. Large companies like starbucks or amazon are offering their starbucks stars or their amazon coins. These items are exchanged for different goods and services from each company. In the recent past other companies have used this business model like marlboro or camel with marlboro miles or camel dollars. Both were used to exchange for various novelty items when they were sent to the company.
Most advocates for alternative currency use believe they are a simple means of returning power back to the common people who live on the very fringe of this fiscal success. This will give people like the underemployed, elderly or disabled a fighting chance at economic freedom. As things start to get worse it will not be what items you have, so much as what you still have that you could exchange for something else. And this is what all these people are really banking their future on.
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