@calestous Their critique is that bitcoin is volatile today, their logic is that it'll always be so. As action increases, BTC will stabilize
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@cal_abel I do not buy their logic. -
@calestous I thought it was an interesting article as who was saying what about competition. -
@cal_abel I sense some competition... -
@calestous In a very Smithian sense!! the kind where each participant is better off for competing. That article was acknowledgement -
@cal_abel I think governments will watch Bitcoin and if takes off they will step in to regulate it. -
@calestous They will definitely seek to regulate bitcoin, but will end up restricting action within their respective economies. -
@cal_abel Bitcoin is a little like a currency rebellion... - 1 more reply
New conversation -
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@calestous The legitimacy of money is in the mind of the proprietor. The Chinese used Cowrie shells as a method of exchange based on belief.Thanks. Twitter will use this to make your timeline better. UndoUndo
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