With the downturn in the economy spreading out to involve more and more parts of service, retail, online goods and even banking institutions, more and more people are wondering why governments control money. Called micro-currency or alternative currency this trend is growing in popularity all over the world.
It is surprising how many people take for granite that the small pieces of paper they carry around with them have any value at all. Different ways to value and exchange goods are sprouting up at an all time rate. Some of them are even being used and endorsed by rich and famous people. While it is unlikely they ever overtake common forms of money like dollars or euros, they seem to really be catching on.
These unconventional types of bartering generally become increasingly popular during hard economic times. Centralized government money begins drying up and the people still have wants that must met. Families still must purchase food, they still must pay for bills, goods and various services. People came up with very creative ways for them to meet all these needs that will not be illegal while staying accessible to the typical person.
In the US currency is watched over by the federal reserve. Even though Americans can use their money, it does not belong to them. Defacing US currency is a federal crime. Counterfeiting US money is one too. Knowing this, people are surprised to learn of 13 states seeking approval from their collective state governments to start printing their own money.
Another growing trend is litecoin and bitcoin. One of the bigger advantages they have is their decentralization. They are fast, simple and totally anonymous over the world. People remain very willing to stock their faith in new technology over traditional economic banking institutions.
A more localized version is called berkshares in Berkshires in the western part of Massachusetts. There are over 400 local businesses that accept them in lieu of US dollars. This includes 13 different banks that act as exchange stations. This helps build community ties with the businesses that take them vs those that do not.
Even big corporations are getting in on the bandwagon. Companies like starbucks and amazon are now offering starbucks stars and amazon coins. These items can be exchanged for goods and services for each company. In the past other noteworthy companies have also used this approach like marlboro and camel with marlboro miles and camel dollars. Both could be exchanged for novelty items when they were sent into the company.
Most advocates for using an alternative currency believe they are a means of giving power back to the people who otherwise live on the fringe of fiscal success. This gives people like the elderly, disabled and underemployed a chance to at economic freedom. As things begin to get worse and worse it is going to be not so much what you have but what you have that you can exchange for something. And that is what people are banking on in the future.
It is surprising how many people take for granite that the small pieces of paper they carry around with them have any value at all. Different ways to value and exchange goods are sprouting up at an all time rate. Some of them are even being used and endorsed by rich and famous people. While it is unlikely they ever overtake common forms of money like dollars or euros, they seem to really be catching on.
These unconventional types of bartering generally become increasingly popular during hard economic times. Centralized government money begins drying up and the people still have wants that must met. Families still must purchase food, they still must pay for bills, goods and various services. People came up with very creative ways for them to meet all these needs that will not be illegal while staying accessible to the typical person.
In the US currency is watched over by the federal reserve. Even though Americans can use their money, it does not belong to them. Defacing US currency is a federal crime. Counterfeiting US money is one too. Knowing this, people are surprised to learn of 13 states seeking approval from their collective state governments to start printing their own money.
Another growing trend is litecoin and bitcoin. One of the bigger advantages they have is their decentralization. They are fast, simple and totally anonymous over the world. People remain very willing to stock their faith in new technology over traditional economic banking institutions.
A more localized version is called berkshares in Berkshires in the western part of Massachusetts. There are over 400 local businesses that accept them in lieu of US dollars. This includes 13 different banks that act as exchange stations. This helps build community ties with the businesses that take them vs those that do not.
Even big corporations are getting in on the bandwagon. Companies like starbucks and amazon are now offering starbucks stars and amazon coins. These items can be exchanged for goods and services for each company. In the past other noteworthy companies have also used this approach like marlboro and camel with marlboro miles and camel dollars. Both could be exchanged for novelty items when they were sent into the company.
Most advocates for using an alternative currency believe they are a means of giving power back to the people who otherwise live on the fringe of fiscal success. This gives people like the elderly, disabled and underemployed a chance to at economic freedom. As things begin to get worse and worse it is going to be not so much what you have but what you have that you can exchange for something. And that is what people are banking on in the future.
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Why People From All Walks Of Life Are Choosing Alternative Currency To Barter With
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