Bitcoin Forum

Bitcoin => Press => Topic started by: randrace on April 15, 2013, 04:57:08 AM



Title: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: randrace on April 15, 2013, 04:57:08 AM
Iterations: How Five Real Economists Think About Bitcoin’s Future (http://techcrunch.com/2013/04/14/iterations-how-five-real-economists-think-about-bitcoins-future/)

This question got me very excited:

But what if a sovereign state was to issue an algorithm-based currency? Would that drive fiat money out of business?



Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: odolvlobo on April 15, 2013, 05:40:46 AM
Pick five economists at random to comment on bitcoin, and you get five economists with random levels of knowledge about the subject making random statements. It is not a very good article.


Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: Bitcoinpro on April 15, 2013, 06:54:26 AM
is coin is good


Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: zeroday on April 15, 2013, 06:24:37 PM
At a time when those PhD and economists were talking with a straight face about the absurdity of bitcoin, I was silently stocking it and storing in my wallet.
Now I have all my debts completely paid off and continue enjoying my life as free and independent person.


Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: RodeoX on April 15, 2013, 06:29:35 PM
Academic scholars study what has happened. We do things that happen.

Why should I care what they think about the past? 


Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: grondilu on April 15, 2013, 06:36:06 PM
But what if a sovereign state was to issue an algorithm-based currency? Would that drive fiat money out of business?


At least they could issue a currency with a total transparency.  I mean, a currency whose total amount in circulation could be verified by anyone at any time.  That could almost deter me from bitcoin.


Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: StarfishPrime on April 15, 2013, 06:38:26 PM
Next up: "How Five Real Photographers Think About Digital Photography's Future"


Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: Mike Christ on April 15, 2013, 06:39:22 PM
Next up: "How Five Traditional Artists Think About Digital Artistry's Future"


Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: zeroday on April 15, 2013, 07:24:58 PM
Some time ago they insisted that the Earth is flat and the Sun and Moon are revolving around it.
History repeats...



Title: Re: 2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future
Post by: n8rwJeTt8TrrLKPa55eU on April 16, 2013, 12:38:04 AM
Next up: "How Five Real Photographers Think About Digital Photography's Future"

 :D

Alternatively, 5 salesmen from IBM's mainframe division opining about PCs in 1981.