“As technology, and especially information science, develops, the necessity for a safe, transparent digital currency is unavoidable, a currency that is not backed by nation states or banks, but is valued in virtue of being a safe storage of value and the best means for financial transactions.”
You nailed it!
All that is needed is something VALUED without coercion, without government mandates without borders. We are at the front door of a new age.
Thanks! Indeed there are plenty of things that have inherent value, but are not used as a general medium of exchange (aka money), such as cars, laptops, anything really. The essential characterisitics needed for a good medium of exchange are many, and all of them can be programmed into a digital currency. We WILL have a general digital currency, just like McAfee said.