In The Dollar Meltdown I wrote that in our digital age deducting even the tiniest fraction of an ounce of gold from your account for purchases should be cyberspace child’s play. In their mature form digital gold currencies will be as big as Visa and MasterCard.
In acknowledgement of the larceny they have propagated on the people, state currencies deserve to become a thing of the past. Now, that process of obsolescence has begun. As my friend Michael Shedlock (Mish) explains, BitGold, a real-time platform for savings and payments in gold, has launched in the U.S.
BitCoin has a good bloodline, formed in conjunction with GoldMoney.com, an innovator that I have followed and recommended for years.
Here’s a link to WhyBitGold? at Mish’s Global Economic Trend Analysis with details.