Been having some chats with a programming type over here. We could get a new digital currency together over a few months of intensive work.
As today’s FT says:
Buying Bitcoins while their price is so bubbly is nothing more than a gamble. Investing in other online currencies, or in companies that can help the Bitcoin economy develop, looks like a sensible use of a venture capitalist’s money.
The problem with the proposition is that if it really only does take a few months of work to launch a new currency then there’s not really all that much value to a new currency, is there?
On the other hand I can think of a few countries where you could target the usage. Those places with capital controls.