JF: From Bloomberg - Why I Invested in Bitcoin...by Chamath PalihapitayaAnd that's all I have to say about that.
WCV: I don't buy it, and strangely I find myself using the same arguments people make against gold.
JF: Ha, that’s kind of why I thought it was interesting
WCV: The thing is gold, silver, platinum, etc. are a very limited number of precious metals.
But what's to stop 100 or 1000 or 1,000,000 computer programmers from creating new electronic currencies out of thin air?
In that respect, Bitcoins are a lot more like fiat currencies.
JF: Right I agree. The matrix reference I didn’t think helped his argument. He could have started the Op ed off my saying “hi my name is XXXXXXX, and I have so much F U money I have decided to give Bitcoin a ride”
Thoughts on Bitcoin
Exchange with JF:
By W.C. Varones - May 31, 2013
Subscribe to: Post Comments (Atom)
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ...
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Maybe teaching racial division and hatred wasn't such a good idea after all
Doctor cycling in California run down, stabbed by driver screaming about ‘white privilege’ : A doctor cycling along the Pacific Coast Highwa...
Sure, one could create new currencies. But they would have to have features which make existing currencies obsolete in order to be adopted. Innovations like those Bitcoin introduced don't come around very often, so your argument doesn't hold much validity.
Post a Comment