Viewing profile — bitcoin-truth

Right, it makes more sense in the world of a 'backed dollar'. As it is, it is a debt to repay $1 for each $1 bill. You might well ask, $1 of what? Since the government doesn't prod…

http://unqualified-reservations.blogspot.in/2013/01/how-bitc...

Jews and Gentiles in Moldbug's terminology.

you are referring to monetization of debt. monetization per se is the process of becoming a money. Mises is a good read. > (which isn't just _a_ marketable commodity.) You got that…

a) the treasury would take seignorage. b) money is a free-market good as in your example above. all the government was doing was weights and measures standardization. c) only fiat …

\o/ this guy gets it!

The process of rapidly becoming a marketable commodity is called monetization. Bitcoin is in a hypermonetization melt-up phase.

... on HN

This is how they deal with their cognitive dissonance. http://www.amazon.com/Mistakes-Were-Made-But-Not/dp/01560339...

Scientific theories are falsifiable: they make testable predictions. Austrian Economic theory comes closest to this ideal.

Wait, you can't use logic when it comes to money! What are you, Satoshi Nakamoto?

I tried doing this on MtGox with a buy limit price of 1$. I didn't get any bitcoin :( I do have a friend with 900btc though: I told him I was in the market for a dollar, and he jus…

Has bitcoin?

There are indeed people at this stage.

You own it only while you remember the password. Gold won't just disappear one day though your memory might.

Yes indeed. The first time they actually scraped the blockchain.info website, this time they've finally figured out that the blockchain is public and parsed a local blockchain.dat …

I think the parent poster meant that the witch hunts in the 21st century related to bitcoin only grow trust in the bitcoin community that witchhunts are destined to fail. More peop…

> Why? Because the forced deflation is a Dick Move of epic proportions: favoring early adopters for no good reason. No good reason? Does there have to be one? If the protocol succe…