Now that I've done a bit of research on them, it appears it is true - these are an 'organic' peer-to-peer way of conducting internet financial transactions by-passing the Central Planners - cutting out the middle-man.
This actually means we've won, and escaped their clutches, although it might take a decade or more to play out. It's worth listening to the previous post about Bitcoin, and listening to Bill Still about Quarks, and other cryptocurrencies:
http://www.youtube.com/watch?v=nIkpZ73GMG4
Interview about Quarks:
http://www.youtube.com/watch?v=6qXhqSy0nbg
http://www.youtube.com/watch?v=nw-fAexmBYM
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