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Instead, his government, by creating a currency board, has killed inflation stone-dead.
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OpenCoin believes that it is facilitating the evolution of Bitcoin, and by creating a multi-currency, security-focused exchange, it can have a better shot at selling the concept of a distributed, global virtual currency to the mainstream.
The basic story of the euro so far is that the introduction of the currency, by creating a false sense of safety, led to large capital flows to and correspondingly large current account deficits in the southern European nations, the GIPS (Greece, Italy, Portugal, Spain).
The Zapotecs's use of textiles forms the basis of a new project by Austin-based designer Nick Hiller, which taps into this history of textiles as currency by creating a series of jacquard loomed throw blankets inspired by contemporary banknotes from around the world.
Start by creating a list.
Start by creating an account.
Will it create a currency that would serve a purpose?
"It takes two countries to create a currency union.
The aim would be to create a currency "that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies".
Nobody had created a currency on a computer before, they said.
The goal of this study was to create a currency for establishing offsets.
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