Voucher-Safe, a Next Generation Digital Currency – Part I

Digital Gold Currency is a fantastic idea. Gold enjoys thousands of years of history as an excellent currency and store of value. It is a form of money that is constantly chosen by the market and that needs no legislation to support its value. Gold is stable, solid and cannot be pulled out of thin air. With modern technology gold can be used as a currency online without any more effort than it takes to check your email. Brilliant!

But as DGC’s were starting to take off and be recognized for their many benefits, the rug was pulled out from under the industry with the prosecution of e-gold. The old DGC business model is centralized and vulnerable to seizure, censorship and prohibitive regulation.

The Voucher-Safe system allows for a more decentralized, Anti-Money Laundering compliant way to anonymously exchange value. It’s DGC 2.0, a more flexible and resilient system where anything can be money. “The idea behind voucher-safe is that it isn’t about making just one thing money. Money  can be gold, it can be existing national fiat currencies, it can be bitcoins, it can be silver, it can be anything of value that people want to exchange.”

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Bitcoin, The European Central Bank Sees You As a Threat to Financial Stability

The ECB recently released a report on “Virtual Currency Schemes”.  It is, in parts, surprisingly well done. It includes a good definition of money, it recognizes that virtual currencies are ‘digital cash’, it discusses Austrian economics and even quotes Rothbard, Hayek and Mises! The guys that put this together are smart and understand “Virtual Currency Schemes” i.e. Bitcoin.

But the piece can be summed up with this line… Should Bitcoin ever truly catch on, it will damage the current banking system and threaten “financial stability”.

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The Old Radical: How Bitcoin Is Being Destroyed

This piece was recently sent to me by “an old radical.” The message is perhaps a bit harsh, but I have to admit, all I can do is grimace and nod in agreement to this thesis… “Bitcoin and state banking systems are born enemies: only one can survive. If you are imagining that they can peacefully coexist, you are fooling yourself.

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Wrestling with Bitcoin. Why even hard-core goldbugs should respect and support cryptocurrencies.

Don’t get me wrong, I’m not suggesting you sell your gold for Bitcoins. What I’m saying is although they may not realize it, Bitcoin is a goldbugs friend. It has a real chance of changing the way the average person thinks about money and that is good news for anyone who is not a fan of fiat.

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