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Topic: 2012-08-29 Zerohedge: Currency Competition (Read 1295 times)

sr. member
Activity: 476
Merit: 250
August 29, 2012, 06:09:59 PM
#11
I also wonder if the people who were doing the same thing inside the Soviet Union feel bad now about cheering on (facilitating even?)  the demise of their failing institutions?

I doubt it. One should never feel badly about being correct. : )
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Quote
Bitcoin's future is in the continued crumbling of the conventional tools of exchange, a prospect I look forward to a little more than I should.

Nice comment.

But yeah, then maybe we all do ... but I also wonder if the people who were doing the same thing inside the Soviet Union feel bad now about cheering on (facilitating even?)  the demise of their failing institutions?
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
August 29, 2012, 05:32:04 PM
#9
They will come here, in the future, crying that "omg, early adopters have an unfair advantage, they bought bitcoin when they were cheaper and now are rich, while i was busy on the zerohedge website trolling and insulting ppl who use bitcoin. But now i too want to be rich, bawwhhhhhhhhhhhhhhhhhhhhhhh"
sr. member
Activity: 476
Merit: 250
August 29, 2012, 05:30:48 PM
#8

interesting exchange.  ppl really don't get it.

It's like trying to explain a car engine to someone that's only heard of a car but never seen one. People didn't get smtp or http when it first came to the attention of the masses. They still took over.

Bitcoin's future is in the continued crumbling of the conventional tools of exchange, a prospect I look forward to a little more than I should.
legendary
Activity: 1288
Merit: 1080
August 29, 2012, 05:01:40 PM
#6
I don't think Bernanke ever mentioned Bitcoin specifically.

If Bernanke ever publicly pronounces the world "bitcoin", I'd like to know.  It would be kind of an historic moment.

Same for Obama.  But it's not so sure he'll be reelected anyway, so it does not matter much.
legendary
Activity: 1764
Merit: 1002
August 29, 2012, 04:28:25 PM
#4
From the site:

"I have more faith in network protocols than I do fractional reserve banking."

link?
legendary
Activity: 1078
Merit: 1003
August 29, 2012, 04:04:15 PM
#3
This is great, I actually prefer a few slightly positive brief mentions before they publish something directly dealing Bitcoin.
sr. member
Activity: 476
Merit: 250
August 29, 2012, 03:31:40 PM
#2
From the site:

"I have more faith in network protocols than I do fractional reserve banking."
legendary
Activity: 1764
Merit: 1002
August 29, 2012, 03:11:00 PM
#1
http://www.zerohedge.com/news/guest-post-currency-competition

"Bernanke contends that it is possible to transact in a competing currency like Yen, or pesos or bitcoin. "

I don't think Bernanke ever mentioned Bitcoin specifically.
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