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Author Topic: 2013-04-12 BBC-bitcoin-and-the-illusion-of-money  (Read 1111 times)
lunarboy
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April 12, 2013, 09:25:21 PM
 #1

Not bad. A little negative, but considering recent events thats hardly surprising.

At least were being taken seriously by mass media these days.

http://www.bbc.com/future/story/20130412-bitcoin-and-the-illusion-of-money/1

"Some economists, certainly, would welcome further disruption. Writing in 1976, Fredrich Hayek argued in The Denationalization of Money for the removal of the legal obstacles preventing people from using any kind of money they wanted, thus creating a kind of global battle between different rival systems.

“We have always had bad money,” Hayek argued “because private enterprise was not permitted to give us a better one.” No government has yet has acted on Hayek’s faith in the power of the open market. The world, though, may already have embarked on just such an experiment.  Betting against Bitcoins is one thing. But the change they represent packs quite a punch – and, with conventional finance on the ropes, it’s still anybody’s fight."
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marcus_of_augustus
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April 13, 2013, 01:50:43 AM
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Who would have thought just two short years ago that BBC would be quoting F. Hayek's "Denationalisation of Money" ... bitcoin is already a success because it has created a platform for monetary freedom and opened people's eyes to the obvious root of so many of today's problems in society, bad govt. money.

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April 13, 2013, 04:51:58 AM
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"No army can stop an idea whose time has come" - Vicor Hugo

It's already over for the main competition.....

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