With all the stories in the news lately about bitcoins, and with our recent discussions of the role of central banks in creating money, I thought I would post two recent articles/blog posts that I think provide a good analysis of the present situation as well as some good proposals for what the future of electronic currency really ought to look like.
The first argues that bitcoins are mostly designed to solve problems that only exist in the minds of right-wing conspiracy theorists. And the second one outlines the real problems that a genuine electronic currency ought to solve--and how one could do it.
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