>> Expressing your opinion is the ultimate unit of work in the virtual >> world. Distribute bitcoins on this basis. That devalues them, yes, >> but then you don't have to expend 100kW of energy to produce them, >> maybe call them nanobits. >> >> Then allow them to be traded freely as a neutral currency for the net. >> After this gets established, ONLY THEN can you really set a EXCHANGE >> RATE for bitcoin with physical dolllars -- because you've tied and >> anchored it to REAL WORLD VALUES. > > Nice in theory,
Hold it right there. You admit the theory is sound (or at least partially sound), so then on what basis are you basing YOUR currency? >but no, any Cabal coin can be tied to physical stuff > no problems, I believe by "Cabal" you mean "agreed upon by the currency producers". Let's call it the "Treasury". (get it? treasure: like a pirate's horde) > thus creating an actual Cabal-controlled Treasury controlled >(ą thus > manipulated) value How will it get manipulated just because someone has to agree to its production? > for their particular central coin. ....Ummm, right. Marxos
