Got Mises? No apparently we don't | Bitcointalksearch.org

Mashuri

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Quote from: ZombieRothbard on June 08, 2011, 03:14:35 PM

Does anybody know of a good page that displays a detailed description of the economics of Bitcoin? I know a contributor to Mises.org. Maybe with some prodding and the proper research materials, he could give an Austrian analysis.

If he actually understands Austrian Economics, then all he needs is to read bitcoin.org. As a student of "Human Action" myself, I understood right away the value of Bitcoin. Of course, he might need help on the technical side of things.

ZombieRothbard

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Does anybody know of a good page that displays a detailed description of the economics of Bitcoin? I know a contributor to Mises.org. Maybe with some prodding and the proper research materials, he could give an Austrian analysis.

billyjoeallen

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Hide your women

My understanding of praxeology dovetials very well with bitcoin. Even Gary North has explicitly explained why there is no such thing as "intrinsic value."

MoonShadow

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Quote from: Sjalq on June 07, 2011, 03:08:30 AM

I'm really dissapointed that the Mises.org website has been completely ignoring Bitcoin. Does anyone here know any regular Mises.org contributors?

I've been on the Mises forum for a few months, and have followed it for a few years, but I'm far from a regular contributor. I go by a different handle there, and have been arguing with nearsighted idiots over the semantics of a "currency" and a "dollar proxy" for months.

MoonShadow

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I'm an 'Austrian' (praxeologist, more generally) and I relized Bitcoins potential almost immediately. Tunnel vision is a condition that can befall anyone.

em3rgentOrdr

sr. member

Activity: 434

Merit: 252

youtube.com/ericfontainejazz now accepts bitcoin

A lot of Austrians confuse the fact that gold is a form of money with gold being the only form of money. Menger's account on the creation of money is but one example.

Sjalq

sr. member

Activity: 280

Merit: 250

I'm an "Austrian" and that's why I see Bitcoin has value. I could understand debate from them, but total silence??

Mashuri

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Merit: 107

Quote from: Marlsfarp on June 08, 2011, 02:31:00 PM

Austrians have a lot of good thoughts, but they tend to be religiously inflexible in their theories. Bitcoins shouldn't exist according to Austrian theory, so they cannot admit that they do. "What has to happen, according to this quoted authority" beats out "what actually is happening in real life." If you point this out, they'll just call you an empiricist (an insult, apparently) or demand you try to refute the theory.

Bitcoin is completely compatible with Austrian theory. Many Austrian economists, unfortunately, simply do not understand it. Too many are stuck in gold standard dogma.

Marlsfarp

newbie

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Austrians have a lot of good thoughts, but they tend to be religiously inflexible in their theories. Bitcoins shouldn't exist according to Austrian theory, so they cannot admit that they do. "What has to happen, according to this quoted authority" beats out "what actually is happening in real life." If you point this out, they'll just call you an empiricist (an insult, apparently) or demand you try to refute the theory.

em3rgentOrdr

sr. member

Activity: 434

Merit: 252

youtube.com/ericfontainejazz now accepts bitcoin

All those gold bugs think bitcoin ain't real ...

FreeMoney

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Strength in numbers

Quote from: hugolp on June 08, 2011, 12:31:46 AM

Yes, Lew Rockwell dot com (who also manages mises.org) has published a couple of very favorable articles about Bitcoin.

As a supporter of the austrian school of economics and a very early supporter of Bitcoin I wish a few austrians were not so caught up with gold. Gold is only useful because it allows monetary stability and that was the reason it was choosed by the market. But the market can choose more things that gold, like bitcoins. Also, gold and Bitcoin are complementary. I would not put all my savings in gold or bitcoins, but a mix of the two. Bitcoin is way more useful for internet transactions and its cheaper to store, but gold is probably more secure and it has a lot more tradition. They are both completementary. I am ashamed of some of the stupid reactions by a few austrian economists to Bitcoin. Hopefully they will come around, becuase austrian economics explains the dinamics of bitcoins like no other economic theory can.

+1

hugolp

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Radix-The Decentralized Finance Protocol

Yes, Lew Rockwell dot com (who also manages mises.org) has published a couple of very favorable articles about Bitcoin.

As a supporter of the austrian school of economics and a very early supporter of Bitcoin I wish a few austrians were not so caught up with gold. Gold is only useful because it allows monetary stability and that was the reason it was choosed by the market. But the market can choose more things that gold, like bitcoins. Also, gold and Bitcoin are complementary. I would not put all my savings in gold or bitcoins, but a mix of the two. Bitcoin is way more useful for internet transactions and its cheaper to store, but gold is probably more secure and it has a lot more tradition. They are both completementary. I am ashamed of some of the stupid reactions by a few austrian economists to Bitcoin. Hopefully they will come around, becuase austrian economics explains the dinamics of bitcoins like no other economic theory can.

Anth0n

full member

Activity: 144

Merit: 101

Quote from: DividingSolid on June 07, 2011, 06:34:55 PM

I believe Lew Rockwell or at least website said something about Bitcoins.

Yeah, I saw an article on Lew Rockwell's site in mid 2010 about Bitcoin and was intrigued, but after downloading the client, I wasn't really sure what else to do so I just forgot about it. Terrible decision on my part, because I would have fully supported the economics behind it and possibly purchased some for cheap.

DividingSolid

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I believe Lew Rockwell or at least his website said something about Bitcoins.

AntiVigilante

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Quote from: Sjalq on June 07, 2011, 03:08:30 AM

I'm really dissapointed that the Mises.org website has been completely ignoring Bitcoin. Does anyone here know any regular Mises.org contributors?

If they don't get on the ball I've got dibs on meeces.org.

Sjalq

sr. member

Activity: 280

Merit: 250

I'm really dissapointed that the Mises.org website has been completely ignoring Bitcoin. Does anyone here know any regular Mises.org contributors?

Topic: Got Mises? No apparently we don't (Read 1977 times)