Saturday, October 05, 2013
Bitcoin Or Barter
A quick overview of Bitcoin as provided by Wikipedia left me asking why bother.Aside from being described as a cryptocurrency that is based on an open-source crptographic source than can be stored in your digital wallet after using bitcoin miners to find it while keeping in mind that the clock is ticking because Bitcoin creation will be halved every four years until there are 21 million Bitcoins created.Oh by the way all the bits of Bitcoins esoteric being were existing ideas from the cypherpunk community.That doesn't make it necessarily ready for mainstream.
The purpose of the Bitcoin is to facilitate peer to peer virtual currency transactions deliberately excluding central monetary authority. I.E. no government printing press currency .But currency is currency. It's still the root of all evil. My thought about its bad rap is it allows people to be in more than one place at a time. The human in the best of circumstances should be limited in influence to his or hers immediate geographical locale. But money allows all sorts of messy projections. Such as sending currencies to Rhino pachers to kill and deliver Rhino horn by the pound. Without Bitcoin or the traditional folding green of any country this atrocity would largely disappear.
So what's better for us and the planet instead of Bitcoin or traditional money? Barter is the answer. There are no barriers to participating except ones lack of talent to exchange.
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