The Shoreline'14 April, 2014 | Page 31

The internet revolution among other things has certainly made the world a smaller place, it could certainly provide a well-defined system that facilitates barter transactions across the world, reducing the dependency on money. Another reason I bring this up, is recently there was news that the Chinese government might not recognize bitcoins as legal currency, this could potentially mean that bitcoin transactions in China might be “barter trades” from a legal stand point. The move from representative money to fiat currency, currency without intrinsic value not backed by tangible goods, towards the end of the last century has opened the door to new and innovative forms of cu '&V