Hello Trace, I did'nt know that you translated in italian some of your books, hat off!

I linked your book on my blog.

Btw, I see that on coindl page you linked the english version of the bitcoin video, but you should consider using the italian one: http://www.youtube.com/watch?v=QSUJqb33Sd8

+1

Trace, what do you think about it?

Decisamente! 

Douglas French parla delle valute del futuro con particolare enfasi su Bitcoin e sul recente rapporto della BCE.

Il pezzo è particolarmente rilevante perchè French è il direttore del Mises Institute, e quindi la sua opinione è particolarmente rilevante per il settore degli "Austriaci", che paradossalmente sono spesso pregiudizialmente contrari a Bitcoin.

Secondo me una cosa che si potrebbe fare intanto è cercare di avere una lista delle domande che verranno poste nell'intervista, così si prepara una risposta che sia sufficientemente precisa e soddisfacente, possibilmente a più mani, anche qui sul forum (tanto non c'è nulla da nascondere).

A quel punto il primo che fa sue le risposte, è in grado di ripeterle "dal vivo" e se la sente di farsi intervistare, può farlo.

Propongo questa strada perchè l'argomento è molto ostico per un pubblico ampio quale è quello a cui si rivolge byoblu, e quindi trovare il giusto modo di comunicare penso che sia particolarmente importante. Purtroppo quello che pensa di sapere la maggior parte delle persone (in particolare quelli che seguono la cosiddetta "controinformazione") è in genere... l'opposto della realtà.
Ed è per questo che le persone sono così facilmente manipolabili quando si parla di economia.
Come giustamente ha rimarcato peoples_money poco sopra, solo chi ha buone basi della scuola Austriaca di Economia riesce ad inquadrare correttamente le varie proposte economiche, e dare giudizi sensati su cose completamente nuove come Bitcoin.

Ricordiamo inoltre che Satoshi ha modellato Bitcoin mettendo in pratica le idee più radicali della scuola Austriaca, ed è per questo che è necessario conoscerla a fondo.

I'm interested in knowing the details on why this is the case: someone is kind enough to enlighten me?

No, it will not: Mosler wants to be able to print infinite amount of money on demand.

+2

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

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)

Do you mean that if we (i.e.: "the world") discovers that there is no gold in the federal reserve bank that will have no consequence on the market?

A related article:

A German federal court has said that country’s central bank should conduct annual audits and physically inspect its gold reserves worldwide, including gold in the custody of the Federal Reserve Bank of New York. In addition to the FRBNY, Bundesbank gold is stored in London, Paris and Frankfurt.
 
For decades, the Bundesbank has relied on written confirmation of its gold holdings in London, Paris and New York. According to the report from the German audit court, the last time Bundesbank officials physically inspected the central banks gold holdings was, well, never.
(It should be stated that the folks at FT Alphaville quote a report saying an inspection took place in 1979/1980.)
Interestingly enough, the Bundesbank is apparently quite happy with taking the word of other central bankers about the existence, location and size of its gold reserves. It put out the word that it disagrees with the Audit Court, which only has advisory power and cannot force the Bundesbank to follow its recommendations, about the need for inspections. Nonetheless, the Bundesbank is actually going to follow the recommendation that it verify the gold stocks. It also has plans to ship some 150 tons of gold back to Germany for a more “thorough examination.”

The ignorance and stupidity of that guy is abysmal.

Or maybe he's just doing his job.

+1

Frisby did two of the best ever made videos introducing the enormous problems of fiat money:
Gold: Independent Money
Fiat Money

But I find worth of mentioning also the fantastic strip Debt Bomb video ;-)

Can you please elaborate? I would like more details since I'm relying on them more and more.

I had no issues until now, but it's only a few months.

Thanks for any info

I agree

I'm a bit late too but I suggest the use of gigahost:
https://www.giga-international.com/?show=vserver

with 40€/month you get 4 cores, 12GB (!!) of ram, 600G of disk, and great support too!

I've been unable to find a better deal yet.

The problem of such a proposal is that if the community is (even not so) small their cryptocurrency is prone to 51% attack.

But they can get a bunch of bitcoins and use them to overcome that risk, there are really not many drawbacks.

I've been there too, it's an awesome infrastructure and the guy running it is very serious.
He also has some amazing plans for the evolution of the farm in the future.

+1

Also, some people does not understand spoken english as well as written one.

Thanks *very* much for the transcript.

Thanks for the replies, it's nice to see things are progressing

La maggioranza di noi può tranquillamente ignorare completamente la cosa, perchè nulla cambia.

Per alcune entità ed istituzioni invece avere una fondazione a cui fare riferimento anche solo da un punto di vista di immagine è assolutamente fondamentale quindi benvenga la loro iniziativa.

May I have the link to the thread on the mises forum?

Thanks!