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Modern Money theory disses BTC
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Topic: Modern Money theory disses BTC (Read 655 times)
goxed
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Bitcoin / Crypto mining Hardware.
Modern Money theory disses BTC
March 04, 2013, 03:10:47 AM
Last edit: March 04, 2013, 04:44:02 AM by goxed
#1
Self styled Economist Warren Mosler on BTC
http://www.youtube.com/watch?v=m_NePQAODv0
https://bitcointalk.org/index.php?topic=120087.0
Revewing Bitcoin / Crypto mining Hardware.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Let's talk governance, lipstick, and pigs.
Re: Modern Money theory disses BTC
March 04, 2013, 04:42:18 AM
#2
Bitcoin falsifies his monetary world view. Of course he won't like it. Obviously he is not a critical thinker, because he offered no insight into his understanding of the technology. He simply assumed it was just another currency designed with no purpose in mind other than to scam people, of which it is not even capable. It's time for the new economists to spit on their hands and raise the black flags.
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
benjamindees
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Re: Modern Money theory disses BTC
March 05, 2013, 04:13:12 AM
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MMT is based on the assumption that you can print currency and force others to accept it. Bitcoin is a currency that provides protection against this.
Civil Liberty Through Complex Mathematics
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