It's a good read and instantly made me think of Bitcoin. "Bitcoin - The currency...

cs702 · on March 21, 2012

Agree. An expert on e-money on crypto currencies just articulated exactly the same point here: http://www.forbes.com/sites/jonmatonis/2012/03/19/could-bitc...

corford · on March 21, 2012

Thanks for the link! I think he's dead right (the last sentence says everything).

cs702 · on March 21, 2012

I think there's a good chance he will be proven right over time. You may appreciate this blog post too: http://cs702.wordpress.com/2011/05/29/on-the-potential-adopt...

TheAmazingIdiot · on March 21, 2012

I've considered this very idea.

I've thought of a few legit business ideas that I cannot afford the legal costs of startup. I could, instead, do it without help and rely on system d with multiple payment options. It would most certainly include bitcoin as a payment option.

One of the ideas is effectively is what paypal does with money, but with people. They break state money transmitter laws, yet still stay in business. Mine would break labor laws, only because they are meant for the individual to work for X bigCo.