Facebook Credits becoming more important than the dollar? Not any time soon – but there are some thought-provoking elements in this discussion about the future of money (by Ross Dawson and Gerd Leonhard). Recently Ben Bernanke got the question whether gold is money. The answer was ‘no’. But maybe we’ll have to ask him whether Facebook Credits, Bitcoins or Linden dollars are money.
Gerd Leonhard reacted on Google+ that what he said about the dollar vs. Facebook Credits was meant more as a provocation than as serious prediction.
Previously we posted about similar ideas being presented by Sean Park: ‘The Sixth Paradigm‘
In the comments on my Google+ entry there’s also a discussion about what Linden Lab says regarding the Linden dollar (the famous ‘You acknowledge that Linden dollars are not real currency or any type of financial instrument and are not redeemable for any sum of money from Linden Lab at any time.’).
Counterfeit money is currency that is produced without the legal sanction of the state or government to resemble some official form of currency closely enough that it may be confused for genuine currency. Producing or using counterfeit money is a form of fraud or forgery.