[cryptography] Digital cash in the news...
Kevin W. Wall
kevin.w.wall at gmail.com
Sat Jun 11 18:38:53 EDT 2011
On Sat, Jun 11, 2011 at 6:29 PM, Jeffrey Walton <noloader at gmail.com> wrote:
> 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?
> > [SNIP]
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is by accident. That's where we come in; we're computer professionals.
We *cause* accidents." -- Nathaniel Borenstein
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