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Are they open-sourcing the $50 bill? Can we fork it?

Rather then the current system *scam* of simply printing money to loan to government when then has to print even more money to pay it back. We are doomed to never be able to pay off the national debt. It would take a hell of a lot of effort to mine gold out of seawater. Be easier to haul a asteroid back to earth and that anit likely to happen either. Give me a gold standard again before we wipe out our middle class with our huge national debt.

Norfed

Doesn't it all seem like kind of a scheme though?

"I simply hand them the currency as payment. 95% of the businesses accept it"

Come on now. If that's not a lie, it's sure a distortion.

Then I go to look for liberty merchants in my area (WA state), almost all of them are "associates". Then you look at this page:

Description of the associate system

It's a pyramid scheme! They even admit it. You give them $250, they give you $100 in their currency back. But you can make the remainder back by getting more people to sign up as associates!

If Badnarik is really for this ALC stuff, he's lost my vote, and respect.

What is is backed by? Your and mine spare time?

Is not it a kind of a socialist (and further left) response to the Liberty Dollars?

Let's see, every time me and my wife spend a nice hour in bed we write a Time Dollar IOU to each other for services provided... HUH???

Paul B.

P.S. Yes, I did RTFA, but I guess even on /. (with as wide a range of strange ideas as we constantly deal with), one might want to provide a one-sentence intoduction to what he is talking about.

IT's kinda appauling that corporations have a constitutional right people do not.

Actually, you are free to coin your own money. It's illegal to pass it off as a federal note, but if you create it, and someone else accepts it, that's perfectly acceptable. The most popular example

there are two well known ones that are up and running and viable. One is the Liberty Dollar, the other all electronic one is e-gold. Both are also tied to precious metals, and PM has been doing *quite* well the past little while and all indications show they will continue to do well.

How about silver instead?

Currency control is DRM--well done, torpor. Points for a very inventive troll.

Currency only has value because it's difficult to duplicate. Unlike copying the latest Britney Spears album, adding fresh currency to the money supply has a quantifiable effect on the value of everyone else's dollars. Getting stuck with the fake stuff means you're out of pocket at best.

Which digital rights are being infringed when HP printers refuse to print hundred-dollar bills?

You're welcome to avoid using currency altogether, living under a (regrettably less efficient) barter system. You might also try adopting a private competitor to U.S. currency.

Wow. A country that derives much of its stability and power from its currency wants to defend it. The bank that issues that currency doesn't want people making fakes. What's the problem here?

There's a guy that started printing his own money. This is not illegal, ANYONE can print currency and use it for transactions as long as both parties agree to the value of the currency. A good example of this is Disney Dollars or supermarket script.
Anyway... you can use use it to make purchases all the time. His money is backed by actual deposits of gold and silverin an actual warehouse, not debt and guns. The money is widely used for commerce.
If you don't like the Fed and corporations restricting your digital imaging of bank notes, then go take a look and try it out.

*I ma not, nor am I affiliated with norfed, I am not an authorized exchange center and I make not money from the currency, I'm just a happy user of the notes.

Try the Liberty Dollar.
You may not be able to find merchants who take it, though.

How about cash? Silver and gold coin?

Most everyone accepts gold and silver, even if it's half of market value....Fed Notes aren't even near half of market value.

These guys seem to be doing fairly well at it. Not to mention how many gift certificates there are.

Money of substance can be used as an alternative medium of exchange.

As to C, the government does not have a monopoly on money. In fact the stuff they hand out is not money, but is in fact debt.

Yes you can create your own money. See www.norfed.org for an example.

What the government has is the ability to force you to accept their "money", whether you want to or not. This is called 'legal tender'.

For an alternative to the greenback, check out Norfed

It is legal money that is backed by real silver and gold, and can be converted into e-gold for your internet purchases.

The one ounce silver coins are real cool, too.