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    Author Topic: Bitcoin: SDR for the little guy.  (Read 3835 times)
    Synaptic (OP)
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    July 06, 2011, 02:17:15 AM
     #1

    One of the arguments for Bitcoin is as an alternative reserve currency. In fact for many people it is THE primary argument for the worth of Bitcoin.

    "A distributed peer to peer currency."

    However, there is already an almost perfect analog of this in the real world, by people who actually matter in finance, on a scale that actually means something. It's the SDR, or Special Drawing Rights of the IMF.


    http://en.wikipedia.org/wiki/Special_Drawing_Rights


    It's Bitcoin for sovereign nations, and it was neither very effective or widely used.
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