Stop me if you've heard this one before: a virtual-currency "bank" was really a pyramid scheme... http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/the-popular-online-wallet-dogevault-is-offline-large-amounts-of-dogecoin-appear-to-have-been-stolen/ …
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Replying to @slightlylate
@slightlylate how are the cherries? I have to laugh at the implied support for "real" currency based on the Fed & fractional reserve banking1 reply 0 retweets 0 likes -
Replying to @csuwildcat
@csuwildcat : your inability to reason about how currencies are related to political economy is bemusing for *both* of us then ;-)2 replies 0 retweets 0 likes -
Replying to @slightlylate
@slightlylate that's an interesting view...given I'm the one who actually studied biz/econ between the two of us ;)2 replies 0 retweets 0 likes -
Replying to @csuwildcat
@csuwildcat : just to be clear, if you want to have this tussle with a Google engineer who's also a drop out, I double dog-dare-you.2 replies 0 retweets 0 likes -
Replying to @slightlylate
@slightlylate hey, I went to Chico State, that's indistinguishable from dropping out lol1 reply 0 retweets 0 likes -
Replying to @csuwildcat
@csuwildcat apparently not. Studying econ at Chico State apparently lets you argue from authority. Knew I was missing out on *something*.1 reply 0 retweets 0 likes -
Replying to @slightlylate
@slightlylate I never claimed authority, I just mentioned it as a rebuttal to your assertion that I fundamentally don't understand economics2 replies 0 retweets 0 likes -
Replying to @csuwildcat
@csuwildcat : The argument is that regulation + social contract gives monetary policy legitimacy. This is mainstream stuff.1 reply 0 retweets 0 likes
@csuwildcat : I'm suggesting that you're well outside whatever you might have been taught. Even if it was Chicago consensus (ala Friedman).
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