Ron Paul on competing currencies

Currency is sound only when it is recognized and accepted as such by individuals, through the actions of the market, without coercion. Throughout history, gold and silver have been the two commodities that have most fully satisfied the requirements of sound money. This is why people around the world are flocking once again to gold and silver as a store of value to replace their rapidly depreciating paper currencies. Even central banks have come to their senses and have begun to stock up on gold once again. Daily Bell

Ron would love my digital hard coin idea. Th whole concept of currency zone disappears, replaced with entropy maximizing Huffman encoder web bots. Currency values immediately updated by direct observation of where the digital hard money was sitting.