Comment: You echo the opinion of many, I recommend hitting the books

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You echo the opinion of many, I recommend hitting the books

So, Specie money, or a gold exchange standard isn't perfect. There have been problems in the past. We need lots of competing currencies to balance the system out. This just isn't my opinion, it's the opinion of the fathers of Austrian economics:

Hayek's "A Free Market Monetary System"
http://mises.org/books/monetarysystem.pdf

The problem with gold/silver is that it's hard to do international commerce, or any commerce that is not convenient to conduct in coins. Bitcoin just as a transactional currency solves this problem. See my thread from today here:
http://www.dailypaul.com/308510/the-target-credit-card-breac...