2012-09-27 business-on.de - Economic researcher sees great potential in Bitcoin

[lonelyminer (Peter Šurda)]

I posted an article to a German online magazine and they accepted it:

Economic researcher sees great potential in Bitcoin

Peter Šurda
2012-09-27

http://www.business-on.de/saarlorlux/alternative-digitale-waehrung-wirtschaftsforscher-sieht-in-bitcoins-grosses-potential-_id14906.html

I wanted to create a more mainstream alternative to the sensationalist/panicky articles that we usually see, and I can't go full Rothbardian/cryptoanarchist on them either. Google translate does not do a great job in this case and I'm lazy to translate myself, so here's a quick summary:

• Contrary to the claims of the guys from the German lobbyist group BVDW, Bitcoin does not present a problem for the monetary policy of central banks
• Bitcoin has a great potential in creating new business opportunities
• At the moment, the price fluctuates and usage requires a high level of technical skills, but there are indications that it's maturing
• Potential users should exercise caution when using Bitcoin, but can use BitPay or Casascius coins to mitigate some of the risks
• Bitcoin can be seen as an experiment and used to familiarise oneself with digital money and prepare oneself for the future where digital money might be widespread

[matonis]

Nice job, Peter.

[lonelyminer (Peter Šurda)]

Thank you Jon,

guys like you or Jerry Britto as economists, and the "big" players in the Bitcoin industry (BitPay, BitInstant, BFL, or CoinLabs) already cater for the English speaking readers. And let's not forget the amazing reporting of Vitalik Buterin and the splendid job the Bitcoin Magazine does. For German readers no equivalent reporting exists yet, so I thought I could do that.

[n8rwJeTt8TrrLKPa55eU]

I notice you are once again out on the Mises forums, correcting the foolish & obstinate on the nature of Bitcoin.  Nice meeting you in London, and thanks for all you do!

[Zangelbert Bingledack]

Oh wow, it's you from the Mises forums. Thanks for ably defending bitcoin there; some of your arguments helped win me over back when I was skeptical.

[Dusty]

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

Thanks!

[n8rwJeTt8TrrLKPa55eU]

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

Thanks!

The most current thread is surprisingly civil and useful:
https://mises.org/community/forums/t/31743.aspx

But there's also a gazillion older ones:
https://mises.org/community/search/SearchResults.aspx?q=bitcoin

[Severian]

Nice work, Peter.

Today, mises.ca reprinted one of Jon's essays from last year. The old guard is catching on.

http://www.mises.ca/posts/articles/air-guitars-and-bitcoin-regulation/

[Dusty]

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