"Bitcoin is revealed: a Ponzi scheme for redistributing wealth from one libertarian to another" http://feeds.washingtonpost.com/c/34656/f/669525/s/42547550/sc/21/l/0L0Swashingtonpost0N0Cblogs0Cwonkblog0Cwp0C20A150C0A10C140Cbitcoin0Eis0Erevealed0Ea0Eponzi0Escheme0Efor0Eredistributing0Ewealth0Efrom0Eone0Elibertarian0Eto0Eanother0C/story01.htm …
@jasonbot2000 @csuwildcat : serious economists have been claiming it doesn't have the essential properties of a currency *the whole time*
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@slightlylate@jasonbot2000 it is a rail presently, and w/ increases in transactional volume/velocity, it can be a currency in the *future*. -
@slightlylate@jasonbot2000 there is one thing that prevents a currency profile: its trade volatility - which is purely a scale issue.
End of conversation
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