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Title: Intro text: Bitcoin, Money and Free Banking Post by: fimp on April 06, 2012, 10:14:40 AM http://marketmonetarist.com/2012/04/06/guest-post-bitcoin-money-and-free-banking-by-lasse-birk-olesen/
I'm the author, let me know what you think. The blog is not a nobody, it has been credited by The Economist for giving name to a new economic school of thought, market monetarism. The post is aimed at someone who has no knowledge of Bitcoin but at least basic knowledge of economics. Title: Re: Intro text: Bitcoin, Money and Free Banking Post by: FreeMoney on April 06, 2012, 04:19:11 PM Very nice.
I thought the worst part is the example of the park for contracts. First, as described you still have to trust the holder if the amount is reached to do the right thing. Second if he has coins of his own he can send to that address to trigger the opening. If it is true that you can write scripts like that it's pretty cool, but a bad way to use it. What should have been mentioned there is that you can give three or more trusted community members the keys so they all have to 'sign' off on any transfer. The first comments read like they are from 2010. |