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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: TimF who wrote (130976)4/23/2012 7:13:20 PM
From: tonto2 Recommendations  Read Replies (1) of 224749
 
Actually, it is extremely important. I am happy to use tokens or chips for example, but have no interest in them if they cannot be converted should I choose to do so or am lucky enough to do so.

Electronic private currencies only work today because currency at some point has been traded for the private one and with the understanding that it will be converted back on demand.

One will not accept a currency if it is not backed. The Zimbabwe dollar is an example...
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