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 astonishing the number of people talking for granite that tiny pieces of paper they are carrying around on them retain real value. Assorted ways to exchange and value goods are developing at an all time rate. Some are even endorsed and used and by the famous and wealthy. While it is improbable they will overtake common types of money like euros or dollars, they are gaining popularity.
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 currency is watched over by the federal reserve. Even though Americans can use their money, it does not belong to them. Defacing US currency is a federal crime. Counterfeiting US money is one too. Knowing this, people are surprised to learn of 13 states seeking approval from their collective state governments to start printing their own money.
Another popular trend is bitcoins and litecoins. One of the biggest advantages these have is that they are completely decentralized. They are fast, easy and completely anonymous world wide. People seem more than willing to put their faith in technology over more traditional economic institutions like 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 established corporations are starting to get in on this. Larger companies like amazon and starbucks and are also offering amazon coins and starbucks stars. These rewards can be easily exchanged for services and goods from the companies. A few years back other big companies tried using this approach, like camel and marlboro with camel dollars and marlboro miles. Both could easily be exchanged for different novelty items from the parent company.
Most advocates for using an alternative currency believe they are a means of giving power back to the people who otherwise live on the fringe of fiscal success. This gives people like the elderly, disabled and underemployed a chance to at economic freedom. As things begin to get worse and worse it is going to be not so much what you have but what you have that you can exchange for something. And that is what people are banking on in the future.
It is astonishing the number of people talking for granite that tiny pieces of paper they are carrying around on them retain real value. Assorted ways to exchange and value goods are developing at an all time rate. Some are even endorsed and used and by the famous and wealthy. While it is improbable they will overtake common types of money like euros or dollars, they are gaining popularity.
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 currency is watched over by the federal reserve. Even though Americans can use their money, it does not belong to them. Defacing US currency is a federal crime. Counterfeiting US money is one too. Knowing this, people are surprised to learn of 13 states seeking approval from their collective state governments to start printing their own money.
Another popular trend is bitcoins and litecoins. One of the biggest advantages these have is that they are completely decentralized. They are fast, easy and completely anonymous world wide. People seem more than willing to put their faith in technology over more traditional economic institutions like 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 established corporations are starting to get in on this. Larger companies like amazon and starbucks and are also offering amazon coins and starbucks stars. These rewards can be easily exchanged for services and goods from the companies. A few years back other big companies tried using this approach, like camel and marlboro with camel dollars and marlboro miles. Both could easily be exchanged for different novelty items from the parent company.
Most advocates for using an alternative currency believe they are a means of giving power back to the people who otherwise live on the fringe of fiscal success. This gives people like the elderly, disabled and underemployed a chance to at economic freedom. As things begin to get worse and worse it is going to be not so much what you have but what you have that you can exchange for something. And that is what people are banking on in the future.
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