Trace Mayer of RunToGold.com and Kenton Ralph Toews joined us to discuss what’s going on in the world of BitCoin. While BitCoin itself may not be the final answer to the monetary system’s woes, it certainly has a number of advantages that conventional currencies don’t possess. It is impossible to confiscate, to censor and it has never been compromised. It’s open source and the government doesn’t know what to do about it. Whether it will stay a store of value, no one can be certain of. However, it’s value vis-a-vis all fiat currencies has skyrocketed. Where it’s heading is anyone’s guess. One thing is certain, BitCoin and it’s successors will become an essential part of the economic system.
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