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You don't need a global authority/institution.

You do need global agreement on standards, with which Service-Providers-Formerly-Known-As-Banks, ensure compliance - ie "thou shalt not".

Also agreement on other standards, such as transparency, in particular, so everyone can see what Units are in issue, and who by.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Oct 7th, 2009 at 09:48:07 AM EST
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