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Post by oldnick on Aug 30, 2014 8:45:38 GMT
Wha... Did something happen?
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Post by davee39 on Aug 30, 2014 11:41:21 GMT
You are George Santayana and I claim my fiver  You mean 0.0165 Bitcoin (at todays rate).
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Mike
Member of DD Central
Posts: 651
Likes: 446
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Post by Mike on Sept 1, 2014 3:31:23 GMT
... No, it's not sound money: it's not backed by a scarce good. ... You're looking at Bitcoin the wrong way. It's not meant to be sound money, you're trying to repackage money in the form of Bitcoin. Bitcoin is meant to redefine existing money, in the form of a decentralised payment method. It does away with the centralisation of bank accounts and international payments, changing the way money is currently used. Redefine, don't repackage. A good intro (ignore the video title) is: www.youtube.com/watch?v=W0qn3oPYo5c
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