[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 [0].
> This anti-property would however make it more ideal for a bubble [1].

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.




More information about the cryptography mailing list