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I mean, that's a previously unheard-of statistic in terms of new forms of money.
Many changes accompanied British rule: Western education, the English language, and Christianity spread during the period; new forms of money, transportation, and communication were developed; and the Nigerian economy became based on the export of cash crops.
The new economy is built on new forms of money, and on democratic finance and business.
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So do we need a new form of money?
They are campaigning for a new form of money creation, one that doesn't rely on anti-social institutions (banks) extending debt to people buying overpriced houses.
British and American investigators have said Mr. Mogilevich made a fortune in a career of violent street crime as the Soviet Union fell apart, and later pioneered a new form of money laundering using publicly traded companies during the bull market of the 1990s.
What Myhrvold has successfully cooked up is a new form of money management that would amaze even the most creative private equity or hedge fund manager.
Credits are also being used for a new form of money laundering: Government funds, cloaked as tax credits, pass through intermediaries to the real beneficiaries.
The bear case in all of this is that, perhaps, bitcoin's price sags, interest declines, and instead of becoming a new form of money, bitcoin slowly devolves into obscurity.
It got an endorsement last week from The Economist magazine: "Regulators should keep their hands off new forms of digital money such as bitcoin," the magazine wrote, proclaiming that the bitcoin's "unique digital signature" makes it "impossible to forge".
The development of new forms of e-money will also require a different analysis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com