|
April 09, 2013, 07:50:21 AM |
|
While the author is clearly aware of previous BTC-analogues, there is one serious error in this article, and that is in failing to distinguish between corporate scrip, which has no intrinsic value, and BTC, which does. Simply because BTC has some characteristics in common with things like Linden dollars does not mean they're identical.
Unlike such corporate scrip, BTC has cryptographic integrity. No corporation or central authority can ever devalue it just on their say-so or by suddenly issuing more. Your BTC are your own, period, and nobody can take that away.
|