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Topic: Why Bitcoin Will Never Be a Currency—in 2 Charts - page 2. (Read 3940 times)

member
Activity: 70
Merit: 10
Another writer to be ignored. It is amazing how many things about bitcoin get published by people that have absolutely no knowledge about it whatsoever.
global moderator
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http://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/

Quote
What Bitcoin really needs is a central bank to stabilize its value. When the demand for Bitcoin goes up, they need to print more to keep it from skyrocketing.

This guy might has an idea of Economics but definitely does not understand Bitcoin!

Jeeze, cryptoplebs. It already is a currency. And I don't think he has a great understanding of economics at all. It's the banking institutions that got us into this mess and printing more money just devalues cash.
newbie
Activity: 23
Merit: 0
http://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/

Quote
What Bitcoin really needs is a central bank to stabilize its value. When the demand for Bitcoin goes up, they need to print more to keep it from skyrocketing.

This guy might has an idea of Economics but definitely does not understand Bitcoin!
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