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Author Topic: BitCoins: Four Objections  (Read 853 times)
bitcoinconnection
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June 07, 2011, 12:40:35 AM
 #1

Objection: My refutation was circular or my refutation was just an assertion that BitCoins are worthless.
Objection: Some people do accept BitCoins, so they can’t be a poor currency.
Objection: Subjective value theory means that value only exists in the minds of people, therefore there is no reason BitCoins couldn’t be as valuable as gold or any other commodity.
Objection: Fiat currencies, like Federal Reserve Notes (US Dollars) aren’t backed by anything, either, so what’s the problem?
Full Article at http://www.openmarket.org/2011/06/06/bitcoins-four-objections/
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Timo Y
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June 07, 2011, 12:54:44 AM
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Maybe you should pay with Namecoins instead of Bitcoins, because they have a use value in addition to an exchange value.

In that way they are even more similiar to gold than Bitcoin.


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