[cryptography] Bitcoin observation

Jeffrey Walton noloader at gmail.com
Fri Jul 8 06:43:01 EDT 2011


On Thu, Jul 7, 2011 at 9:53 PM, John Levine <johnl at iecc.com> wrote:
>>It is my intuition that nation states of all stripes aren't going to
>>like them. Some set of them would be happy to let the banks and
>>speculators take care of it. Some of them would engage in actual
>>hacking to hurt the currency, and the interesting property that
>>destroying a bitcoin is a worthwhile attack makes it even more
>>interesting.
>
> My impression is that it's not a problem, since I don't think there
> are any significant governments so ignorant of macroeconomics to
> confuse Bitcoins, which are commodities, with money.
I seem to recall a problem with derivatives in the past, and we still
have them. I believe if wall street could figure out a way to make
money on BitCoins, they would be legitimized and macroeconomics would
be set aside again.

Jeff



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