The question of the moment is whether virtual currency is here to stay or simply a passing fad, the 8-track player of modern day finance. IMHO the answer is probably a little of both. For sure private money is here to stay for a while at least, unless of course the Banks and Other Nefarious Financial Institutions (BONFI) truly get “too big to fail” and chose to squash this most excellent way of transacting business underground. The extent to which private money maintains organization going forward as virtual currency is still not fully determined.

Drilling down virtual currency turns out is nothing more than a digital representation of value, like the tulip bulb in 16th Century Holland, that is all that it really seems to be. So tread lightly and if inclined to engage be protected as – like the wild wild west itself – Read More