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Individuals and businesses primarily in the USA
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Indexed to US inflation
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MR$
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$1, $5, $10, $20 & $50
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VirtualMoney, Inc
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wwwmillenniumdollarcom
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The is a
Private Currency indexed to
Inflation . It is based on the value of the
USD on January 1, 2000. It uses TIPS (Treasury Inflation Protected Securities) as backing, since they're also indexed to inflation.
The Millennium Dollar is intended to be used as a
Store Of Value and also as a
Circulating Currency . It can be bought from and redeemed to
VirtualMoney, Inc .
While this
Currency is an interesting idea, the implementation has some flaws. One major flaw is that, according to the official website,
Notes that have been lost or stolen cannot be redeemed. This is a problem for someone who unknowingly accepts one of these notes, and only later finds out that it is worthless. The site also implies that the notes themselves are very susceptible to damage by water.
- http://www.millenniumdollar.com/
