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Author Topic: [2014-05-08] The inherent confusion of inherent value, gold, and Bitcoin.  (Read 290 times)
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May 08, 2014, 01:01:04 PM

....Those who follow the Bitcoin technology often are the strongest critics of the Federal Reserve and central banking in general, and see the advantages in the transparent monetary policy hard-coded into the system. As investment banker Jim Rickards says, both dollars and bitcoins are, yes, created by computers:

“Dollars emerge from and vanish into thin air — just like bitcoins. Dollars come from computers at the Federal Reserve. Bitcoins come from computers all over the world not controlled by any central bank or government.”

Gold and bats both come from caves, but that doesn’t make gold fly....
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