what's he talking about, QE for Bitcoin?
The guy asking the question misunderstood the current 11 million versus eventual 21 million as inflation, and so did he.
Generation gap strikes again.
Topic: 2013-03-22 Jim Sinclair on Bitcoin (Read 2997 times)
The guy asking the question misunderstood the current 11 million versus eventual 21 million as inflation, and so did he.
Generation gap strikes again.
He weighed in again through an answer to a crappy question on the the WSJ Gavin interview:
http://www.jsmineset.com/2013/05/06/jims-mailbox-1222/
Quote
Dear Wolfgang,
This is Bitcoin’s surrender to the "New Normal" in its own adventure into QE of a sorts.
A computer cyber virtual currency form must not embarrass the dollar as it just did.
Jim
This is Bitcoin’s surrender to the "New Normal" in its own adventure into QE of a sorts.
A computer cyber virtual currency form must not embarrass the dollar as it just did.
Jim
http://www.jsmineset.com/2013/05/06/jims-mailbox-1222/
what's he talking about, QE for Bitcoin?
He weighed in again through an answer to a crappy question on the the WSJ Gavin interview:
http://www.jsmineset.com/2013/05/06/jims-mailbox-1222/
Quote
Dear Wolfgang,
This is Bitcoin’s surrender to the "New Normal" in its own adventure into QE of a sorts.
A computer cyber virtual currency form must not embarrass the dollar as it just did.
Jim
This is Bitcoin’s surrender to the "New Normal" in its own adventure into QE of a sorts.
A computer cyber virtual currency form must not embarrass the dollar as it just did.
Jim
http://www.jsmineset.com/2013/05/06/jims-mailbox-1222/
I don't think this was posted at the time it happpened. From Q&A at March 20 NYC meeting.
Rather surprised he even knew what it was. Audio is muffled but key excerpts:
http://www.youtube.com/watch?feature=player_embedded&v=OTq76iBaBbc
Especially for someone his age, this is a relatively moderate goldbug position as opposed to, say, Schiff or Pento.
Rather surprised he even knew what it was. Audio is muffled but key excerpts:
Quote
It's intriguing, but I don't see it as practical...showing tendency within the public to seek something which is better money than a promise to pay...I'm sure that if if I was a techie I'd like to get it...but I'm having a hard time thinking that Bitcoin is going to be any better than a Krugerrand or Maple Leaf...
http://www.youtube.com/watch?feature=player_embedded&v=OTq76iBaBbc
Especially for someone his age, this is a relatively moderate goldbug position as opposed to, say, Schiff or Pento.
Jump to: