Question 4 a libertarian: I can understand how fiat currency could be problematic but why is gold any better? it doesn't have any real value
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Replying to @brittballard
@brittballard (I think) because fiat supply can be manipulated by central authority, gold supply is a finite resource (like bitcoin).2 replies 0 retweets 0 likes -
Replying to @patbrisbin
@patbrisbin I see, so it's not gold's value it's its finiteness.1 reply 0 retweets 0 likes -
Replying to @brittballard
@brittballard I've heard intrinsic value argmnt too: it's a useful raw mtrl in actual goods. not sure I agree, finiteness makes more sense.1 reply 0 retweets 0 likes
Replying to @patbrisbin
@patbrisbin @brittballard Its primarily its finiteness. It would have to have intrinsic value for everyone for that to be it.
4:51 PM - 14 Jan 2014
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