2013-03-22 Jim Sinclair on Bitcoin

[n8rwJeTt8TrrLKPa55eU]

I don't think this was posted at the time it happpened.  From Q&A at March 20 NYC meeting. 

Rather surprised he even knew what it was.  Audio is muffled but key excerpts:

It's intriguing, but I don't see it as practical...showing tendency within the public to seek something which is better money than a promise to pay...I'm sure that if if I was a techie I'd like to get it...but I'm having a hard time thinking that Bitcoin is going to be any better than a Krugerrand or Maple Leaf...

http://www.youtube.com/watch?feature=player_embedded&v=OTq76iBaBbc

Especially for someone his age, this is a relatively moderate goldbug position as opposed to, say, Schiff or Pento.

[1715472088]

1715472088

[n8rwJeTt8TrrLKPa55eU]

He weighed in again through an answer to a crappy question on the the WSJ Gavin interview:

Dear Wolfgang,

This is Bitcoin’s surrender to the "New Normal" in its own adventure into QE of a sorts.

A computer cyber virtual currency form must not embarrass the dollar as it just did.

Jim

http://www.jsmineset.com/2013/05/06/jims-mailbox-1222/

[cypherdoc]

He weighed in again through an answer to a crappy question on the the WSJ Gavin interview:

Dear Wolfgang,

This is Bitcoin’s surrender to the "New Normal" in its own adventure into QE of a sorts.

A computer cyber virtual currency form must not embarrass the dollar as it just did.

Jim

http://www.jsmineset.com/2013/05/06/jims-mailbox-1222/

what's he talking about, QE for Bitcoin?

[n8rwJeTt8TrrLKPa55eU]

what's he talking about, QE for Bitcoin?

The guy asking the question misunderstood the current 11 million versus eventual 21 million as inflation, and so did he.

Generation gap strikes again.