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Living Room / Re: Does anyone here use Bitcoins?
« Last post by tomos on April 08, 2013, 09:22 AM »I tend to follow about a dozen libertarian/counter-economics blogs. And needless to say, bitcoins seem to be their new poster child. However, I find it interesting that the diehard bitcoin supporters are constantly crowing about how the prices are illogically ratcheting up while at the same time criticizing national monetary policies and currencies for encouraging inflation. Same goes for the widespread bitcoin supporters' criticism of fractional reserve banking for "printing money with nothing backing it " when there is really no underlying value you can pin a bitcoin to - other than the "irrational exuberance" that is apparently driving its soaring rates.-40hz (April 08, 2013, 06:33 AM)
You ignore the *big* difference that Bitcoin is limited. Otherwise I agree with the above.
As to how it'll turn out ...

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