How Can We Move Toward Decentralized Money?

"It's very hard to vision how we could go back to any commodity standard successfully," he says. "The only hope for truly decentralized monetary systems is to get away from the dollar somehow, without trying to reform it." He doesn't think bitcoins will become an international medium of exchange. And unless you see merchants really lining up to accept a bit coin for ordinary pai payments, and seem doing so everywhere, you're not going to see pit coin become one of the world's important moneys. But i'm inclined right now to think thatw really have to make alternatives feasible and make it legally so that they can try to get established.

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