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Title: BitCoins: Four Objections Post by: bitcoinconnection on June 07, 2011, 12:40:35 AM Objection: My refutation was circular or my refutation was just an assertion that BitCoins are worthless.
Objection: Some people do accept BitCoins, so they can’t be a poor currency. Objection: Subjective value theory means that value only exists in the minds of people, therefore there is no reason BitCoins couldn’t be as valuable as gold or any other commodity. Objection: Fiat currencies, like Federal Reserve Notes (US Dollars) aren’t backed by anything, either, so what’s the problem? Full Article at http://www.openmarket.org/2011/06/06/bitcoins-four-objections/ (http://www.openmarket.org/2011/06/06/bitcoins-four-objections/) See more at http://www.bitcoinconnection.com kt Title: Re: BitCoins: Four Objections Post by: Timo Y on June 07, 2011, 12:54:44 AM Maybe you should pay with Namecoins instead of Bitcoins, because they have a use value in addition to an exchange value.
In that way they are even more similiar to gold than Bitcoin. |