2013-4-14 Tech Crunch - How Five Real Economists Think About Bitcoin’s Future

[randrace]

Iterations: How Five Real Economists Think About Bitcoin’s Future

This question got me very excited:

But what if a sovereign state was to issue an algorithm-based currency? Would that drive fiat money out of business?

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[odolvlobo]

Pick five economists at random to comment on bitcoin, and you get five economists with random levels of knowledge about the subject making random statements. It is not a very good article.

[Bitcoinpro]

is coin is good

[zeroday]

At a time when those PhD and economists were talking with a straight face about the absurdity of bitcoin, I was silently stocking it and storing in my wallet.
Now I have all my debts completely paid off and continue enjoying my life as free and independent person.

[RodeoX]

Academic scholars study what has happened. We do things that happen.

Why should I care what they think about the past? 

[grondilu]

But what if a sovereign state was to issue an algorithm-based currency? Would that drive fiat money out of business?

At least they could issue a currency with a total transparency.  I mean, a currency whose total amount in circulation could be verified by anyone at any time.  That could almost deter me from bitcoin.

[StarfishPrime]

Next up: "How Five Real Photographers Think About Digital Photography's Future"

[Mike Christ]

Next up: "How Five Traditional Artists Think About Digital Artistry's Future"

[zeroday]

Some time ago they insisted that the Earth is flat and the Sun and Moon are revolving around it.
History repeats...

[n8rwJeTt8TrrLKPa55eU]

Next up: "How Five Real Photographers Think About Digital Photography's Future"

 

Alternatively, 5 salesmen from IBM's mainframe division opining about PCs in 1981.