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To: NOW who wrote (63218)	5/3/2005 4:00:13 AM
From: shades	Read Replies (1) \| Respond to of 74559

You have got to make the mental breakthrough - like when loyd realized he had slept with harry's girlfriend in that same hotel room in dumb and dumber! Now is not the time to go into mental happy place. Think about it for a second - we are gonna have digital money floating around - why base it on gold? For what purpose - GOLD was a USEFUL token of exchange when we needed to carry around tokens to trade for goods in the village - it was better than carrying 20 chickens to trade for 5 cows the other guy was carrying - indians used beads for the same purpose - some people used sea shells - I am sure others can provide many more examples of tokens of exchange - but in the future - when COCONUT gets on EBAY to buy some bobby mcferrin MP3's - why should she be tied to such a relic in any way to conduct trade? Why should she be tied to beads, sea shells, or gold as civilizations of the past were? When she gets on her SONY Playstaion 10 to download Mario 15 - why should she be tied to digital money backed by gold to do so? I really can't see it - let us continue the debate though - make me understand how 12 billion people trading digital goods back and forth on the internet are going to benefit by gold back exchange units. That would be GREAT for the RIAA and MPAA and MSFT - if I had to send a gold coin or a digital coin that tied to a real gold coin before I could get my movies or music or WINDOWS - that would really slow down increasing economic utility and expansion and trade no? Remember what harry said - there is a CHANCE - one in a million it might be - hehe. No thanks - I want increasing trade - I want more velocity - I read recently all the companies that laid the fiber optics between the countries are all bankrupt now - that may not have happened under a gold standard - but the global network we got built from that is worth far more to me when I surf the net at high speeds than the companies going boom/bust.