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Bitcoin => Press => Topic started by: HostFat on October 23, 2012, 06:41:02 PM



Title: 2012-10-21 Warren Mosler about Bitcoin
Post by: HostFat on October 23, 2012, 06:41:02 PM
Quote
The most famose economist of the world, Warren Mosler, the father of the MMT (modern money theory) answer at a question about utility of cryptocurrency bitcoin system, at the economic summit -"NON ERAVAMO I PIIGS, TORNEREMO ITALIA" in Rimini -ITALY- 20/21-10-2012

http://www.youtube.com/watch?v=m_NePQAODv0


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: istar on October 23, 2012, 06:48:17 PM
Its amazing how someone so "famous" can be so utterly ignorant and downright stupid. Simply stunning.
I would not pay that guy the price of his pocket book to hear his advice.
In 10 years this will be gold :D





 


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Dusty on October 23, 2012, 06:59:17 PM
The ignorance and stupidity of that guy is abysmal.

Or maybe he's just doing his job.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: hazek on October 23, 2012, 07:17:35 PM
Never expect a man to understand what him getting his paycheck depends on him not understanding..


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: koin on October 23, 2012, 07:22:21 PM
damn, any way to mute the translator?


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: jimbobway on October 23, 2012, 07:55:38 PM
damn, any way to mute the translator?

Use headphones.  Original on the right ear.  Translation on the left ear.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: FreeMoney on October 23, 2012, 08:03:04 PM
I'll do it, I'll volunteer to hold these 'worthless' credits on my computer. Eat that Mosler.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Gabi on October 23, 2012, 09:12:44 PM
Oh that was in Italy. Didn't even know that. Meh, in Italy and guess what? Tons of idiocies.

Oh and "NON ERAVAMO I PIIGS, TORNEREMO ITALIA" means "We weren't PIIGS, we will be again Italy"


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: beckspace on October 23, 2012, 09:25:50 PM
Its amazing how someone so "famous" can be so utterly ignorant and downright stupid. Simply stunning.
I would not pay that guy the price of his pocket book to hear his advice.
In 10 years this will be gold :D

The ignorance and stupidity of that guy is abysmal.
Or maybe he's just doing his job.

He's an expert in Charlatanism, I mean, Chartalism. (http://en.wikipedia.org/wiki/Chartalism)



Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: HorseRider on October 24, 2012, 09:44:57 AM
This Warren seems stupid.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: knight22 on October 24, 2012, 04:37:47 PM
I'll do it, I'll volunteer to hold these 'worthless' credits on my computer. Eat that Mosler.

+1

Oh wait! I can't! Mine worth about 11.60$ each...


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Gabi on October 24, 2012, 07:49:04 PM
I'll buy it for 11.61$!


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Explodicle on October 24, 2012, 07:59:31 PM
Oh that was in Italy. Didn't even know that. Meh, in Italy and guess what? Tons of idiocies.
Maybe when his economic predictions are wrong, they'll throw him in jail (http://www.freakonomics.com/2012/10/23/whats-wrong-with-punishing-bad-predictions/)!  ::)


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: hazek on October 24, 2012, 08:12:34 PM
Oh that was in Italy. Didn't even know that. Meh, in Italy and guess what? Tons of idiocies.
Maybe when his economic predictions are wrong, they'll throw him in jail (http://www.freakonomics.com/2012/10/23/whats-wrong-with-punishing-bad-predictions/)!  ::)

His economic predictions weren't wrong, the politicians just didn't do enough of what he prescribed, that's all!


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: marcus_of_augustus on October 24, 2012, 11:58:58 PM
He's a theorist .... not a practitioner.

So far his theories don't look all that 'famous'. But if people feel like giving him their 'real' money to speak, let him have it.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: AsymmetricInformation on October 25, 2012, 09:24:06 PM
Woah woah don't freak out everyone...jeeze anyone who raises concerns about our project is insta-shunned, its madness I say.

He is actually just restating the Mises Regression Theorem (we all love Mises, right?)....the 'seed value' Mosler is looking for (ie the "final demand" or "the thing that you can only buy with BTC and nothing else"), exists in several places, namely low-cost/instant international payments, unfreezable accounts, inflation-proof, etc.

So the final demand would be for like a hypothetical "Bitcoin Co. International Payment Service Coupon" or whatever that is (somewhat confusingly) supplied BY Bitcoin (the software) and can ONLY be paid for with Bitcoin (the currency). He was even humble enough to say "which I've been unable to identify"...ie he would change his mind if he DID identify it.

I happen to think Mosler and his MMT are completely ridiculous, but the ridiculousness isn't expressed in the excerpt given here.

imho


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: oseido on October 26, 2012, 08:08:41 AM
Hi bitcoin world community.

Mi name is Giancarlo Algieri, and i'm the man that in the video do the question about bitcoin. I'm an Italian mmt activist from the democraziaMMT italian movement. I think that Warren Mosler is a great man and a big mind. It have made the modern money theory and this economic school is the last way for my country to exit from the economic abyss rappresented from EuroZone. In italy the situation is very bad. No Monetary Sovereignty (rappresented from the euro currency) have made : no work, no right, no hope...and economy is close to collapsing. Argentina in the 2002 was desperated, and mmt have do a miracle. The umkc university have do a great work, and in italy, The Journalist "Paolo Barnard" have write a paper that explain modern money theory to my people, and have organize in italy 2 of the most big economic summit of the world in february and october 2012 (1200 people cad)

So...if Mosler have not study bitcoin and hi's answer is no good, please , remember first that hi is and remain one great economist .

Tnx

Giancarlo Algieri, MMT activist.
Economic Summit -"NON ERAVAMO I PIIGS, TORNEREMO ITALIA" - Rimini -ITALY - 20/21-10-2012


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Dusty on October 26, 2012, 06:30:18 PM
Hello Giancarlo,
Mosler wants a kind of money to be printable as much as he wish, so he will always dismiss and despise Bitcoin as it's his worst nightmare.

Bitcoin is a technology born with the express intent to crush movements like MMT, which aims to bring the economy to Zimbabwe style :-)

(Mugabe is applying MMT theory... you judge his success)


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: marcus_of_augustus on October 26, 2012, 07:51:20 PM
Hi bitcoin world community.

Mi name is Giancarlo Algieri, and i'm the man that in the video do the question about bitcoin. I'm an Italian mmt activist from the democraziaMMT italian movement. I think that Warren Mosler is a great man and a big mind. It have made the modern money theory and this economic school is the last way for my country to exit from the economic abyss rappresented from EuroZone. In italy the situation is very bad. No Monetary Sovereignty (rappresented from the euro currency) have made : no work, no right, no hope...and economy is close to collapsing. Argentina in the 2002 was desperated, and mmt have do a miracle. The umkc university have do a great work, and in italy, The Journalist "Paolo Barnard" have write a paper that explain modern money theory to my people, and have organize in italy 2 of the most big economic summit of the world in february and october 2012 (1200 people cad)

So...if Mosler have not study bitcoin and hi's answer is no good, please , remember first that hi is and remain one great economist .

Tnx

Giancarlo Algieri, MMT activist.
Economic Summit -"NON ERAVAMO I PIIGS, TORNEREMO ITALIA" - Rimini -ITALY - 20/21-10-2012

Thanks for asking Mosler that question, his shallow and dismissive answer was enlightening.

Have you considered the concept of free market money for saving Italy? Any small province in Italy could begin with trading with their own currencies for example., irrespective of what the ECB dictates.

The monopolistic nature of the modern money is what creates the massive market distortions, under/over supply, instability and etc.

http://monetaryfreedom.org/ (http://monetaryfreedom.org/) (click on the "Resources" link to read more)

Good luck.




Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: oseido on October 27, 2012, 10:08:51 AM
I think that there is a lot of confusion about the MMT economy theory.
“Modern Money Theory” or “The Kansas City Approach,” builds on the work of Abba P. Lerner, John Maynard Keynes, Hyman P. Minsky, Wynne Godley and other important figures of the past.
My opinion is that "Modern Money Theory" is the only way to retake the monetary sovereignty lost with the ECB system. ECB have imposed a not-sovereign currency (euro) to all state member of EU; and the possibility to strike coin  to belong to only from the European Central Bank (arbitrarily) , and not when a state ask it. But the true problem is that European Central Bank arbitrally decide to who "lend" money. This is a nightmare for the european member state. A state without the possibility to createand (not lend!) money for spend and taxes the people whit your fiat money, isn't a sovereign state. Italy is not more a sovereign state, since it entered in the European Money System. I suggest to all people to read the official website of University of Missouri-Kansas City (UMKC) http://cas.umkc.edu/ and the blog where all most important mmt theorist whriting http://neweconomicperspectives.org/p/about.html

Sorry for my bad english.

Giancarlo Algieri


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: nobbynobbynoob on October 27, 2012, 10:29:11 AM
States can't be trusted to mint money either, unless it's gold or silver.

The American founding fathers knew their Stuff.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: DublinBrian on October 27, 2012, 10:50:40 AM
A state without the possibility to create (not lend!) money for spend and taxes the people whit your fiat money, isn't a sovereign state. Italy is not more a sovereign state, since it entered in the European Money System.
When the state prints money, they spend it on state employees.

The private sector doesnt receive any of this new money. In fact, the private citizen gets poorer because the price of goods and services increases.

Your state money-printing is a sophisticated trick for state parasites to steal from the productive private sector.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: lonelyminer (Peter Šurda) on October 27, 2012, 11:44:14 AM
So...if Mosler have not study bitcoin and hi's answer is no good, please , remember first that hi is and remain one great economist .
Mosler forgot that markets choose money based on transaction costs. Practically all economic schools agree on this, yet they don't recognise it when it hits them in face.

He also spoke about price collapsing as being relevant for demand for bitcoin, but ignored the evolution of liquidity (normally, liquidity influences transaction costs more than the price changes, in particular if the good is not used as a unit of account, Paul Krugman even wrote two papers about this). On the other hand, there is no readily available information on liquidity analysis of Bitcoin that I know of, other than the one I'm working on and that's going to be in my upcoming book, Economics of Bitcoin.

These are elementary mistakes. Now, let me quote Rothbard:

Quote from: Rothbard
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
If Mosler said he does not know enough about Bitcoin to have a meaningful opinion, he would have made a much better impression on me. Rather, he made a bunch of implicit assumptions and thus appeared to affirm his ignorance.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: conspirosphere.tk on October 27, 2012, 01:02:53 PM
I expect that when the current debt-based fiat money system collapses (soon), MMTers and other neokeynesian lunatics will have their heyday and will go mainstream. I am sending them my best wishes until they do not try to touch BTC, gold and silver, and free mobility of capital.

quote of the day: "intelligent people fear inflation, especially the kind where people cannot afford to buy food, which is the big killer of economies and countries, and then there is usually a war with somebody, and the whole thing is a Big Freaking Bankrupted Mess (BFBM)."
The Mogambo Guru
http://mogamboguru.blogspot.com/2012/10/a-valuable-valuable-clue-as-to-what-to.html (http://mogamboguru.blogspot.com/2012/10/a-valuable-valuable-clue-as-to-what-to.html)


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: nobbynobbynoob on October 27, 2012, 01:34:12 PM
You cannot trust any of these neokeynesian clowns, as you rightly say. In fact, some of the goons in government aren't even Keynesian, they're worse than that: they just believe in tax, borrow, spend, full stop, regardless of the prevailing conditions.

As far as these types are concerned, it is clear that Gideon Gono is their hero, and here it is from the proverbial horse's mouth: http://www.zerohedge.com/news/2012-10-16/head-zimbabwe-central-bank-explains-qe3


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: oseido on October 27, 2012, 03:33:22 PM
Is very difficult for me try to explane my economic idea in english, but the only italian person that have try to understanding and explain the moder monetary fiat system is a journalist called "Paolo Barnard" that have write a paper in english called " The Gravest Crime"

http://democraziammt.info/docs/the-gravest-crime-paolo-barnard.pdf

In this paper hi explain how make a state whit full employment, full Welfare, full education, better infrastructure, growing productivity for its citizens.

Please take a lock.

I believe that bitcoin is a revolutionary money system for citizens, but i dont believe that can to be used for legal tender...but my opinion could be wrong






Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: n8rwJeTt8TrrLKPa55eU on October 27, 2012, 04:17:06 PM
Quote from: Rothbard
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
If Mosler said he does not know enough about Bitcoin to have a meaningful opinion, he would have made a much better impression on me. Rather, he made a bunch of implicit assumptions and thus appeared to affirm his ignorance.

A good test of whether someone is really exceptional or a faker, is whether they ever use two simple phrases: "I don't know" and "I screwed up".

Real geniuses (not just in academia but any field, sports, music, whatever) know they are geniuses and 3rd party approval is irrelevant to their intrinsic value, so they can admit fallibility and incompleteness without consequences.

Fakers know their entire existence and prestige is based on manufactured public opinion and grandiose titles.  And so they are permanently afraid of admitting any personal flaws or lack of domain knowledge, lest it lead to deeper questioning of the mirage they have so carefully built.

Mr. Mosler is great example of the latter category.  And so are most politicians.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: conspirosphere.tk on October 27, 2012, 04:40:34 PM
I believe that bitcoin is a revolutionary money system for citizens, but i dont believe that can to be used for legal tender

God save us from legal tender, state control, and taxes.
BTW: I would not call "modern" the theory that the state can print money. There are lots of historical examples. None of them ended well as far I know, even if in the short them someone made miracles printing state money. Hitler for example.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: rupy on October 27, 2012, 04:55:20 PM
This guy has never been to a single lecture in physics:

http://www.youtube.com/watch?v=Z_DO0SpiYyY (http://www.youtube.com/watch?v=Z_DO0SpiYyY)

Not a single politician/economist with a tie has ever learned about the natural environment of the planet earth, this is why we are heading straight to hell.

Buckle up, bitcoin is NOT going to save you if this guy is in charge. He and Bernanke will print until there's noting left to consume, it will delay the implosion of our energy economy, but it will make it worse!


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: lonelyminer (Peter Šurda) on October 27, 2012, 06:47:13 PM
I believe that bitcoin is a revolutionary money system for citizens, but i dont believe that can to be used for legal tender...but my opinion could be wrong
The only purpose of legal tender is to perpetrate a transfer of wealth against the wishes of the public. Some call it theft. Whatever you call it, it's not a macroeconomic phenomenon.

Bitcoin is the opposite of legal tender, it is a money chosen by the market. It transfers the control over money from the state to the public. It makes no sense to make it legal tender, similarly as it makes no sense to put John Lennon in charge of the military.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Roger_Murdock on October 28, 2012, 12:29:05 PM
Woah woah don't freak out everyone...jeeze anyone who raises concerns about our project is insta-shunned, its madness I say.

He is actually just restating the Mises Regression Theorem (we all love Mises, right?)....the 'seed value' Mosler is looking for (ie the "final demand" or "the thing that you can only buy with BTC and nothing else"), exists in several places, namely low-cost/instant international payments, unfreezable accounts, inflation-proof, etc.
Yeah, but those are monetary properties. It sounds like he's saying that the "seed value" has to be either (a) the state forcing you to pay taxes in the currency or (b) a non-monetary use for the commodity.  But it seems to me that the supposed requirement for a "seed value" is just an acknowledgement of the bootstrapping problem that confronts any new would-be currency.  Money relies on network effects.  If a commodity has not yet come to be accepted as money and it also doesn't have any non-monetary usefulness, why would anyone ever be the first person to trade their goods or services for it?  The answer is simple: speculation.  People first assigned value to bitcoins because of its incredible monetary properties.  They reasoned that other people would also come to appreciate those properties and value bitcoins for the same reason.  And they were right. You can now trade other currencies for bitcoins on an open market. And you can also use them to buy many goods and services directly. So... does a currency need a "seed value" of the type described above to become valued? No. It's an empirical question, and it's now been answered.  So I just don't get how anyone could still be hung up on this issue. 


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: marcus_of_augustus on October 29, 2012, 01:38:08 AM
Quote
No. It's an empirical question, and it's now been answered.  So I just don't get how anyone could still be hung up on this issue. 

As I said he's a theoretician of money not a practitioner.

Ask some self-made from nothing, super rich guy, not an economist, if you want to hear what a practitioner of money thinks.



Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: TraderTimm on November 02, 2012, 04:52:14 PM
Economists have the best job in the world. Make predictions and theories, then conveniently forget when they fail - and keep your job in the process! If only the rest of us could have the same sheltered existence.

Seeing an economist try to understand Bitcoin is like watching your grandparents try to manipulate a smartphone. Painfully embarrassing.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Dusty on November 03, 2012, 12:06:29 PM
his paycheck depends on him not understanding..
+1
+2

That's why I wrote "He's just doing his job" ;-)


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: AsymmetricInformation on November 06, 2012, 04:13:41 AM
Woah woah don't freak out everyone...jeeze anyone who raises concerns about our project is insta-shunned, its madness I say.

He is actually just restating the Mises Regression Theorem (we all love Mises, right?)....the 'seed value' Mosler is looking for (ie the "final demand" or "the thing that you can only buy with BTC and nothing else"), exists in several places, namely low-cost/instant international payments, unfreezable accounts, inflation-proof, etc.
Yeah, but those are monetary properties. It sounds like he's saying that the "seed value" has to be either (a) the state forcing you to pay taxes in the currency or (b) a non-monetary use for the commodity.  But it seems to me that the supposed requirement for a "seed value" is just an acknowledgement of the bootstrapping problem that confronts any new would-be currency.  Money relies on network effects.  If a commodity has not yet come to be accepted as money and it also doesn't have any non-monetary usefulness, why would anyone ever be the first person to trade their goods or services for it?  The answer is simple: speculation.  People first assigned value to bitcoins because of its incredible monetary properties.  They reasoned that other people would also come to appreciate those properties and value bitcoins for the same reason.  And they were right. You can now trade other currencies for bitcoins on an open market. And you can also use them to buy many goods and services directly. So... does a currency need a "seed value" of the type described above to become valued? No. It's an empirical question, and it's now been answered.  So I just don't get how anyone could still be hung up on this issue. 

I would actually argue that:
1) There must be seed-value pre-speculation (ie, WHY will this thing retain or increase its value).
2) A "non-monetary use" would INCLUDE (a) taxes [and a solution to the network-effects-coordination problem (of which, again, one solution would be taxes)], making that somewhat redundant.
3) Therefore, money does require seed-value to become valued.

And, even though I agree with your insight, that the seed-value might need to be non-monetary, its pretty irrelevant because I completely forgot to mention silkroad.

In fact, in (subconscious?) conformity to the regression theorem, I personally thought bitcoins were a strange scam until I read the SR wired article, at which point my opinion changed completely.

I'd REALLY like to see someone bounce silkroad off of Mosler as a source of final demand. That would likely change his mind (and we would have a new ally). I'll do it if no one else will, but I've never been in contact with him.

Or you can all continue to make fun of someone via pseudo-anonymous internet post that no one will see. I has hear that help teh bitcoin.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Dusty on November 06, 2012, 07:53:59 AM
I'd REALLY like to see someone bounce silkroad off of Mosler as a source of final demand. That would likely change his mind (and we would have a new ally).
No, it will not: Mosler wants to be able to print infinite amount of money on demand.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Jutarul on November 06, 2012, 08:03:12 AM
In 10 years this will be gold :D
+1. Dinosaurs in action. 


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: marcus_of_augustus on November 06, 2012, 08:06:36 AM
Quote
Or you can all continue to make fun of someone via pseudo-anonymous internet post that no one will see.

It is actually pretty effective, take a look around .... "no one will see" is misguided. Asymmetric information is all about getting it to the "right" people ... who cares if Mosler knows about Silk Road? If he can't find out for himself he's not doing the right kind of research and is probably a dinosaur from the old days where knowledge was found in libraries ... he talks like that.

His arrogant dismissal of the question deserves all the opprobrium that should come to him ... he's just not a good economist because his mind is closed shut, and he made that patently obvious in the space of less than 5 minutes. He is the worst kind of economist typical of the dismal science branch (i.e. not scientific in the slightest but politic to the full).


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: AsymmetricInformation on November 10, 2012, 05:12:01 PM
I'd REALLY like to see someone bounce silkroad off of Mosler as a source of final demand. That would likely change his mind (and we would have a new ally).
No, it will not: Mosler wants to be able to print infinite amount of money on demand.

Ah, you are right. Even if he were convinced that SR was final demand, (and therefore that BTC had "Mosler-value"), this would likely not be enough to make him a BTC ally.

Quote
Or you can all continue to make fun of someone via pseudo-anonymous internet post that no one will see.

It is actually pretty effective, take a look around .... "no one will see" is misguided. Asymmetric information is all about getting it to the "right" people ... who cares if Mosler knows about Silk Road? If he can't find out for himself he's not doing the right kind of research and is probably a dinosaur from the old days where knowledge was found in libraries ... he talks like that.

I would say that I am 'somewhat' about getting it to 'more' people...are the people of bitcointalk satisfied with reaching only the community of their own forum?

Still you raise a good point, that anyone with Google making an honest attempt to research Bitcoin would have found SR by themselves (there is even an old-school academic paper from Carnegie Mellon about both SR and BTC).


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: HostFat on November 12, 2012, 07:30:16 AM
If you want to talk with him, he has this website:
http://moslereconomics.com/


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: HostFat on December 10, 2012, 11:50:21 PM
Again ;)
http://moslereconomics.com/2012/12/10/bitcoins-join-global-bank-network/

I think that opening this topic on his page was the worst thing that he could do ;D


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: Stephen Gornick on December 11, 2012, 12:17:33 AM
I think that opening this topic on his page was the worst thing that he could do ;D

For him or for Bitcoin?

From another thread:

It looks like finally the point is getting across that Bitcoin can be useful no matter what the exchange rate.

That would be describing it as having intrinsic demand then, wouldn't it?  :D


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: HostFat on December 11, 2012, 12:18:25 AM
For him or for Bitcoin?
For him ;D


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: marcus_of_augustus on December 11, 2012, 12:20:41 AM
Again ;)
http://moslereconomics.com/2012/12/10/bitcoins-join-global-bank-network/

I think that opening this topic on his page was the worst thing that he could do ;D

It should provide some good entertainment though ... he seems to have relented and admitted bitcoin can be used as a "currency", just for value transfer .... but then goes on to say "oh my gosh, who would use it to store value??" .... ergo it can't possibly be money.

Bitcoin hoarders eat these kind of guys for breakfast ....  :D


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: goxed on March 04, 2013, 02:05:33 PM
Has Mosler started hoarding BTC?


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: twolifeinexile on March 04, 2013, 02:17:22 PM
Again ;)
http://moslereconomics.com/2012/12/10/bitcoins-join-global-bank-network/

I think that opening this topic on his page was the worst thing that he could do ;D

It should provide some good entertainment though ... he seems to have relented and admitted bitcoin can be used as a "currency", just for value transfer .... but then goes on to say "oh my gosh, who would use it to store value??" .... ergo it can't possibly be money.

Bitcoin hoarders eat these kind of guys for breakfast ....  :D
I think Mosler have a lot of good insights, he is just a very opnioned and think he is right all the time. At least he see values of bitcoin as a payment network, and from here, things can change. Bitcoin is in the "bootstrapping" mode, so at this stage it is now unfair to say it is not a currency, it is probably not a "payment network" either, it is in its infancy/toddler that a rich guy as Mosler really have no incentive to jump in rather than wait and see. If things kicks off, he can easily jump may be $100 MM in , so no doublt he is not interested in now.


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: baitanjzcop4282 on June 11, 2016, 05:01:09 AM
He seems to be on his toes when it comes to economics and world finance, and he has now spoken about our digital goodness, commenting on bitcoin-central.com which is the first Bitcoin exchange to become a federally backed bank


Title: Re: 2012-10-21 Warren Mosler about Bitcoin
Post by: TraderTimm on June 11, 2016, 08:12:04 PM
He seems to be on his toes when it comes to economics and world finance, and he has now spoken about our digital goodness, commenting on bitcoin-central.com which is the first Bitcoin exchange to become a federally backed bank

Necro-posting shill.

Piss off...