[quote=markmax33]
Most likely there would be a market of currencies and there would be somewhere between 5-10 of them that would dominate the market. Remember the currencies would be competing for you business. They would likely have ads on tv and some currencies would be handled more efficiently than others. The currency orginators would find ways to profit from the transactions similar to the American Express, Mastercard, Visa. Those companies operate just like currencies currently and ensure customers from fraud.
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I agree with you on this. But, I don’t think that the currencies need to be based on gold. Let the market decide what they are backed with. The money could be based on clean water or fertile farmland.
