With all the "red tape" surrounding alt currencies, do you think there's room for "alt currencies" which technically only behave as a "tranfer" mechanism? In other words, if the alt currency was tied to the value of US Dollar, then folks who used it could simply use it as a mechanism for transferring the value reliably to someone.
This, I assume, would also open room for innovation since existing alternative currencies which are supposed to behave and be traded exactly as real currencies are also regulated as currencies. Perhaps governments couldn't regulate such a "currency" since its properties are far different than real currencies.
