Most of us don’t really understand what money is, or what it might be. Can it be wrested from the domination and mismanagement of banks and governments and restored to its fundamental role as a “claim upon society”?
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Yesterday the price of Bitcoins, the alternative computer currency, rose above $1000. More companies are accepting Bitcoins – Virgin Media apparently accept them as payment for their Virgin Galactic flights. And there is a man from Newport in South Wales…
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Part 2 of our Bitcoin podcast looks at the political and philosophical implications of private currencies and what they can teach existing systems…
More Will Bitcoin, a private digital currency, replace national currencies such as euros, dollars and pounds? Will it languish as an anonymous currency for money laundering and drug deals? Is it a speculative investment rather than a currency? First part of a 2 part podcast.
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