Topic: Sorry libertarians, history shows bitcoin isn't the future (Read 1307 times)
The 'economist' cited is a chartalist. Go figure.
This article: how to do a nice package around a topic that has been discussed again and again.
how to make me look like serious when i'm just, well anybody.
I can sum up the article with his own words
author credibility -= 5000
how to make me look like serious when i'm just, well anybody.
I can sum up the article with his own words
Quote
Here’s where a state could easily step in by just … printing more money, so that economic activity is not choked off by scarcity or hoarding.
here is a fantastic solution to the money problem from the author, we'll see who likes when gov print money very soon.author credibility -= 5000
The article is only a more elaborated version of the "deflationary currency can't work"-argument.
If history tells anything it is that states all over the world have shown that they are constantly eager to abuse their power to inflate state-controlled currencies with severe economical and social consequences.
If history tells anything it is that states all over the world have shown that they are constantly eager to abuse their power to inflate state-controlled currencies with severe economical and social consequences.
just because governments invented the internet doesn't mean it isn't a good tool for dissenters of authoritarian structures to use it
just because kings invented coinage doesn't mean it isn't a good tool for dissenters of authoritarian structures to re-invent it and use it.
just because kings invented coinage doesn't mean it isn't a good tool for dissenters of authoritarian structures to re-invent it and use it.
@OP just because history indicates something, doesnt mean you can predict the future 100% accurately.
OP failed so hard.
OP failed so hard.
yeah itz kinda funny how it is fashionable among some neoliberals to downplay bitcoin.
most of these types keep a little backdoor open though, in case some later face saving will be necessary.
like Krugman made a real fool of himself.
most of these types keep a little backdoor open though, in case some later face saving will be necessary.
like Krugman made a real fool of himself.
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http://www.bloomberg.com/news/2013-04-04/sorry-libertarians-history-shows-bitcoin-isn-t-the-future.html
terrible article - glad to see though that the author is pretty much unanimously slated in the comments that follow!
[apologies if repost!]
terrible article - glad to see though that the author is pretty much unanimously slated in the comments that follow!
[apologies if repost!]
I was enjoying it until the very end where his summary of reasoning was based on "and maybe this will happen, and I don't think it should, so bitcoin will fail ALRIGHT!?". It read like a butthurt latecomer to be honest and I think I threw up in my mouth a little.
http://www.bloomberg.com/news/2013-04-04/sorry-libertarians-history-shows-bitcoin-isn-t-the-future.html
terrible article - glad to see though that the author is pretty much unanimously slated in the comments that follow!
[apologies if repost!]
terrible article - glad to see though that the author is pretty much unanimously slated in the comments that follow!
[apologies if repost!]
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