[cryptography] Bitcoin, was Nirvana

James A. Donald jamesd at echeque.com
Mon Sep 26 03:40:37 EDT 2011


On Mon, Sep 26, 2011 at 12:02 AM, Chris Palmer <snackypants at gmail.com> > 
Bankruptcy should not require jail or indentured
 > servitude time in order to make a gold standard work,

What made the gold standard fail was the capability of financiers to get 
away with using borrowed money irresponsibly and recklessly.

To ensure that such behavior can always be bailed out, needs fiat money.





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