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Title: Thank Satoshi Post by: SkRRJyTC on January 30, 2012, 09:10:39 PM http://vimeo.com/35369616
around 8-9 minutes they are talking about the bank bailouts and high leverage. I am so glad that in Bitcoin the losers dont get bailed out. Free market = survival of the fittest. Title: Re: Thank Satoshi Post by: Revalin on January 30, 2012, 11:31:01 PM That's not really true. In a Bitcoin economy, governments can still bail out all the losers they want with as many BTC they have.
Also don't forget that MtGox bailed out bitomat. Bitcoin is a big step forward in money, but The Market is a lot bigger than just the currency that is used. Title: Re: Thank Satoshi Post by: guywhogotgoxed on January 31, 2012, 11:15:38 AM That's not really true. In a Bitcoin economy, governments can still bail out all the losers they want with as many BTC they have. mtgox used their own money to bail bitomat out. they didnt create a bunch of coins out of nowhere.Also don't forget that MtGox bailed out bitomat. Bitcoin is a big step forward in money, but The Market is a lot bigger than just the currency that is used. |