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Author Topic: 2013-04-06: dailyreckoning - Why a Bitcoin is as Good as Gold  (Read 681 times)
David M
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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?

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xcsler
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April 06, 2013, 01:40:31 AM
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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.
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April 06, 2013, 02:32:22 AM
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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.
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