Bits and Pieces Aug 27th
Great stuff from GoldMoney, Bitcoin (as always) and more community currencies in Europe.
A history of exchange rate regimes in one, large, photo. http://www.goldmoney.com/gold-research/alasdair-macleod/a-history-of-exchange-rate-systems.html
Q & A with James Turk. Why he’s not in favor of a gold standard and why GoldMoney will ‘Probably never’ integrate with Bitcoin. “BitCoins are the ultimate currency backed by nothing.” http://www.goldmoney.com/gold-research/newsdesk/q-and-a-with-james-turk.html
Alasdair Macleod on The purpose of market intervention. ” interventions only result in less efficient use of economic resources.” http://www.goldmoney.com/gold-research/alasdair-macleod/the-purpose-of-market-intervention.html?gmrefcode=41004
New Bitcoin margin trading website fills the gap that Bitcoinica left. “because margin trading allows users to hold a negative quantity of bitcoins, Bitcoinica allowed users to profit when the price dropped – a possibility which many believe had a valuable dampening effect on potential Bitcoin bubbles by providing an economic outlet for traders to express their caution.” http://bitcoinmagazine.net/icbit-se-bitcoin-margin-trading-reloaded/
Bitcoin Tribe, a new Bitcoin social network. http://bitcointribe.com/
Spain has a new community currency, the Eco. With a youth unemployment rate at 53%, people are taking matters into their own hands. “We can’t wait for public administrations to solve our problems.” http://live.wsj.com/video/fed-up-with-the-euro-start-your-own-currency/1F687E3E-3C98-4AD1-892C-D001FFF6BE4D.html#!19FD1192-AAAE-44AC-947D-61CA7734721B
