[cryptography] Bitcoin observation

Jeffrey Walton noloader at gmail.com
Fri Jul 8 12:21:13 EDT 2011


On Fri, Jul 8, 2011 at 12:05 PM, John Levine <johnl at iecc.com> wrote:
>>> 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.
>
> Sorry, I have no idea what this complete nonsequitur is supposed to
> mean.  We've had a problem with E.Coli in bean sprouts, and we still
> have those, too.
I can't really speak of other governments and their ignorance. In the
US, the government is run by folks who would be happy to write
accommodating legislation for a PAC contribution. In practice,
macroeconomics has nothing to do with allowing nonsensical
instruments.

Jeff



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