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  • The Bit Heard Round the World? (LvMI Canada, Forbes)

    Well, that escalated quickly. [quote user=" "] WordPress, the modern equivalent of the Gutenberg press, has announced that it will accept Bitcoin for upgrades. Now, without the use of PayPal or credit...
    Posted to General (Forum) by AJ on Sun, Nov 18 2012
  • Re: Bitcoins *prove* Mengerian account of money creation?

    Bitcoin does not contradict the Regression Theorem. First, the original use of Bitcoin was found in a barter market - Silk Road. Second, information is a discrete non-material substance that can, and often does, have value. In fact, the primary reason that labor alone does not create value is that labor...
    Posted to Economics Questions (Forum) by kendo451 on Mon, Oct 1 2012
  • Re: Mises's Regression Theorem and a Logical Proof

    Sat. 12/06/30 11:27 EDT . post #186 [quote user="Micah71381"] Does the "community" have to be contained geographically? Or would a virtual (but self contained) community count?[/quote] community [quote]a social, religious, occupational, or other group sharing common characteristics...
    Posted to Economics Questions (Forum) by MMMark on Sat, Jun 30 2012
  • Re: Bitcoin DO NOT WANT!?

    [quote] What makes you think that all the people would buy bitcoins after selling them for gold? If I had bitcoins and somesone started selling them for gold at a good price, I would buy the gold with the bitcoins.[/quote] OK pal, let's try to transfer gold over the net. That's where something...
    Posted to Economics Questions (Forum) by Torsten on Mon, Jun 25 2012
  • Bitcoin DO NOT WANT!?

    Well hello peoples. I am increasingly amazed at the harsh criticism Bitcoin has gotten from Austrian economists. Everyone is all hot and bothered about the fact that Bitcoin does not have any physical backing. So here's an experiment: Imagine that tomorrow someone releases a website called GoldBackedBitcoin...
    Posted to Economics Questions (Forum) by Seraiah on Thu, Jun 14 2012
  • Re: How To Use Bitcoin – The Most Important Creation In The History Of Man

    Bitcoin is based on a general platform that is largely unassailable through any currently existing means and not specific to financial concerns. It is more a system of management that works well in a monetary function. That management is the key difference, otherwise it operates no differently than existing...
    Posted to General (Forum) by Ramon on Thu, Jan 5 2012
  • Thinking correctly about Bitcoin

    An essential feature of the standard attack against Bitcoin is to point to the price charts generated by a single Bitcoin exchange and then use that as definitive proof of Bitcoin's unsuitability for any purpose. The attack uses these single source charts to 'prove' that Bitcoin is a mania...
    Posted to Current Events (Forum) by Irdial on Tue, Aug 30 2011
  • The Economics Of Bitcoin – Challenging Mises’ Regression Theorem

    An article I wrote for my news magazine : There has been a lot of outcry from the libertarian gold bug community over the Bitcoin monetary system, with some commentators even going so far as to produce feature length videos decrying the monetary system. David Kramer writes on Lew, What was...
    Posted to Political Theory (Forum) by Michael Suede on Thu, Jul 7 2011
  • Re: Is BitCoin the currency of the future?

    I've been reading the comments in this thread and am appalled by the level of ignorance and arrogance by anyone too scared to accept that a non-commodity backed currency could ever work. You all seem to forget that the sole purpose for money is to facilite exchange. One of the main reasosn you'd...
    Posted to Economics Questions (Forum) by rawfreedom on Tue, Mar 29 2011
  • Re: Is BitCoin the currency of the future?

    Clayton, Excellent thread. I enjoy reading your posts because I have thought through the same implications. If Bitcoin performs as a money substitute with a strong exchanger network at the ready to redeem into specie (namely, gold and silver), then it can bridge both worlds. Scarcity is different and...
    Posted to Economics Questions (Forum) by Jon Matonis on Tue, Nov 9 2010
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