With the down turn in the economic prosperity involving increasingly more parts of online goods, service, retail, and even most banking institutions, a growing number of people are asking why their governments control all the money. Called alternative currency or micro-currency this new trend is increasing in popularity across 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 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 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 trying to use alternative currency honestly believes them to be a separate means of offering buying power back to the group of people who otherwise would live on the outside fringe of any fiscal success. This gives these people like the disabled, underemployed and elderly an opportunity to achieve some form of economic freedom. As times begin to get bad, people will be more worried about what they have to trade for than what they have. And this is what they are betting 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 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 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 trying to use alternative currency honestly believes them to be a separate means of offering buying power back to the group of people who otherwise would live on the outside fringe of any fiscal success. This gives these people like the disabled, underemployed and elderly an opportunity to achieve some form of economic freedom. As times begin to get bad, people will be more worried about what they have to trade for than what they have. And this is what they are betting their future on.
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