This would appear to be out of the proverbial Ripley’s Believe It Or Not. But as mind-boggling as it may seem, word has it that in the not so far future, World Paper Money could very likely be replaced by electronic-digital currency.

Bitcoin Evolution App Mining – Bitcoin is soon turning into a popular open source, peer-to-peer currency that is an undetectable and safe way to make money online. The unique thing about this method of make money online is that you can continue to dedicate the CPU cycles of your PC to a Bitcoin client. Encryption problems are assigned to your computer which it needs to solve. On solving every problem you will receive 50 Bitcoins. Each Bitcoin is equivalent to $8.60 which makes it a decent income for each problem solved.

The amount of money you will make is worth the stress even if you have to open hundreds of liberty reserve accounts. To make things easier for those who reside outside Australia i also accept LR,I don’t accept WebMoney,MoneyBookers or PayPal because you cannot use them to sell this kind of software.

Always one to try to understand the relation of economics and politics, I asked our Argentine contact what life was like for the average Argentinian in Buenos Aires. She related how expensive it was for the average person to purchase imported items. This resulted from their most recent economic crisis of 2001-2002. When I mentioned traveling overseas she bitcoin looked at me cross-eyed. There was no way this was possible for her without saving for quite some time.

Why compare the progression of the Argentine economy to the that of the U.S. ? Certainly there are differences. Primarily, the existence of the USD as the currency of the world and the confidence it brings is the only thing that has separated the fate the U.S. from that of Argentina. One of the economic laws I postulated was that confidence = credit.

12/5: While we usually discuss fraud and scams, user “badguy23” gives us a look at the other side of the coin, where he tries to trick a sushi restaurant into replacing on a nonexistent order while on-air. Limitles calls in and gives his Christmas list for the radio hosts and the forum’s other users. Colonel Nigel Fabersham interviews an Aria floorman about their new Multi-Hand poker tables, but a weird twist occurs during the call. We discuss the failure of the new Revel resort in Atlantic City. We talk about the drama between Gobboboy, his mom, his dog, and his former friend Adam Junglen. Erik Ryland checks in and talks about his eyebrows. [Visit Website] [Download MP3].

It is perhaps inevitable that this type of digital, peer to peer, currency would rise, but it is the flaws in the current systems that are giving it a boost. As people lose faith in the government and banks, they are going to be looking for something that will provide more options. They will see the advantages of skipping the middleman of credit cards. International transactions will start to happen skipping the middlemen of banks and wire services. As national currencies destabilize, they will start to see an electronic, non-national, currency as a good reserve currency to hedge against inflation, runs, etc.

Consider your CombiBar 50 gram Gold bars like fire insurance on your home: you hope you never need it, but if you do need it, after the fire starts it is too late to acquire it.