Saturday, April 17, 2010

Virtual Currency

I have been predicting this development for awhile, and it is now here. Welcome to virtual currency.

Virtual currency is where the internet invents its own money for trade. This flies in the face of legal tender laws, and I predict the government will crack down on this shit at some point. This is what governments do. They can't tolerate the economic freedom that a market based currency will provide.

The first player in this bold new arena is Dibspace. Here, the virtual currency is called a "dibit," and you can trade it for various services. I do not know if it will be successful, but I predict someone will be successful in this area. It is a bold new world.

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