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  • 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: 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
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