Re: Backing

Isn't a finite source of backing a problem since it rewards those who hoard it? Also If neither Alice or Bob have a backed currency, does that mean they cannot trade? It has always frustrated me to see poor people stay poor, because they believe they have to get their wealth from someone else. People can create their own wealth. A currency that ignores this possibillity seams bad to me. Has anyone invented a workable "barter currency"? Can I.O.U.'s be created such that they work like money? Peter Baumbach baumbach@atmel.com