[cryptography] Digital cash in the news...
James A. Donald
jamesd at echeque.com
Sun Jun 12 22:13:35 EDT 2011
On 2011-06-11 10:41 PM, Ian G wrote:
> We expect money to be a store of value, among a few other things.
> BitCoin has nothing in it that speaks to that goal, that I can see .
> This anti-property would however make it more ideal for a bubble .
All money is a bubble. The non monetary value of a bitcoin is exactly
the non monetary value of a federal reserve dollar, which is to say, zero.
Gold has real non monetary value, but far less than its monetary value.
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