Bitcoin Forum
May 04, 2024, 12:29:34 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2013-04-06: dailyreckoning - Why a Bitcoin is as Good as Gold
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: 2013-04-06: dailyreckoning - Why a Bitcoin is as Good as Gold  (Read 749 times)
David M (OP)
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
April 06, 2013, 12:18:57 AM
 #1
http://www.dailyreckoning.com.au/why-a-bitcoin-is-as-good-as-gold/2013/04/06/

A couple of novel thoughts.

Quote
In other words, Bitcoin used computer code to reject what is seemingly the key advantage of computer code: its status as a nonscarce good. Instead, it built scarcity into the code.
Incredible, isn't it?
1714825774
Hero Member
*
Offline Offline

Posts: 1714825774

View Profile Personal Message (Offline)

Ignore
1714825774
1714825774
Reply with quote  #2
1714825774
Report to moderator
1714825774
Hero Member
*
Offline Offline

Posts: 1714825774

View Profile Personal Message (Offline)

Ignore
1714825774
1714825774
Reply with quote  #2
1714825774
Report to moderator
1714825774
Hero Member
*
Offline Offline

Posts: 1714825774

View Profile Personal Message (Offline)

Ignore
1714825774
1714825774
Reply with quote  #2
1714825774
Report to moderator
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714825774
Hero Member
*
Offline Offline

Posts: 1714825774

View Profile Personal Message (Offline)

Ignore
1714825774
1714825774
Reply with quote  #2
1714825774
Report to moderator
1714825774
Hero Member
*
Offline Offline

Posts: 1714825774

View Profile Personal Message (Offline)

Ignore
1714825774
1714825774
Reply with quote  #2
1714825774
Report to moderator
xcsler
Full Member
***
Offline Offline

Activity: 227
Merit: 100



View Profile
April 06, 2013, 01:40:31 AM
 #2
Wow this is a great article and should be required reading for everyone.

It really underscores the brilliance and value behind the code and explains it in layman's terms with historical context to boot. I think Tucker must have got some help with this as he just started getting into BTC recently. Maybe he's a really quick learner and I'm not giving him enough credit though.
gnar1ta$
Donator
Hero Member
*
Offline Offline

Activity: 798
Merit: 500


View Profile
April 06, 2013, 02:32:22 AM
 #3
This is really good. Most press just revert to gold is better, gold is best, gold gold gold... Great to see someone who understands Bitcoin offers some advantages over gold.
Losing hundreds of Bitcoins with the best scammers in the business - BFL, Avalon, KNC, HashFast.
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2013-04-06: dailyreckoning - Why a Bitcoin is as Good as Gold
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!