Saturday, February 27, 2010

Virtual Currency

What's the difference between real currency and virtual currency?

The only thing I can really come up with is that there are laws pertaining to real currency.

I keep waiting for someone to make a decent virtual currency exchange. I think all you would have to do is get some VC funding and get a few major players onboard with you. As soon as a large enough currency allows you to trade for real money or goods, you'll be able to do all your business government tax-free. You'll still have to pay Facebook or Microsoft or Apple or whoever, but not your local or federal government.

It is a brave new world we live in where every company is trying to build their own money system.

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