Thank Satoshi | Bitcointalksearch.org

guywhogotgoxed

member

Activity: 61

Merit: 10

Quote from: Revalin on January 30, 2012, 06:31:01 PM

That's not really true. In a Bitcoin economy, governments can still bail out all the losers they want with as many BTC they have.

Also don't forget that MtGox bailed out bitomat.

Bitcoin is a big step forward in money, but The Market is a lot bigger than just the currency that is used.

mtgox used their own money to bail bitomat out. they didnt create a bunch of coins out of nowhere.

Revalin

hero member

Activity: 728

Merit: 500

165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g

That's not really true. In a Bitcoin economy, governments can still bail out all the losers they want with as many BTC they have.

Also don't forget that MtGox bailed out bitomat.

Bitcoin is a big step forward in money, but The Market is a lot bigger than just the currency that is used.

SkRRJyTC

legendary

Activity: 1008

Merit: 1000

http://vimeo.com/35369616

around 8-9 minutes they are talking about the bank bailouts and high leverage.

I am so glad that in Bitcoin the losers dont get bailed out. Free market = survival of the fittest.

Topic: Thank Satoshi (Read 1257 times)