[cryptography] Digital cash in the news...
noloader at gmail.com
Sat Jun 11 18:29:53 EDT 2011
On Sat, Jun 11, 2011 at 4:13 PM, John Levine <johnl at iecc.com> wrote:
>>Unlike fiat currencies, algorithms assert limit of total volume.
>>And the mint and transaction infrastructure is decentral, so there's
>>no single point of control. These both are very useful properties.
> Useful for something, but not useful for money. I can't help but note
> that the level of economic knowledge in the digital cash community is
> pitifully low, and much of what people think they know is absurd.
OK, I bite - who has the knowledge? Is it the expert folks who have
the US 14 trillion or so in debt? Or is it embodied in experts in
other countries, such as Greece?
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