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Author Topic: Larry Summers Mentions Bitcoin  (Read 1875 times)
benjamindees
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April 12, 2012, 07:24:12 AM
 #1

http://maxkeiser.com/2012/03/29/bitcoin-is-one-of-many-innovative-technologies-that-are-going-to-seek-to-take-friction-out-larry-summers/

Quote from: Larry Summers
Bitcoin is one of many innovative technologies that are going to seek to take friction out and provide services to people. You can make a priori arguments about how it will work very well, and you can also raise concerns a priori. And I think if we know anything about new technologies, you just have to wait and see what happens in the marketplace.

Perhaps not the best endorsement for Bitcoin, though, even though he did only bring it up when asked and sounds somewhat skeptical.

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All lies. We are NOT in a situation yet where we can trust ANYTHING a government pushes.
...
And BTW, fuck Bitcoin, too. Anything Larry Summers pushes is guaranteed to kill us all, just as surely as a bullet to the head. For Christ’s sake, help wake people up!
http://www.infowars.com/royal-canadian-mint-to-create-digital-currency/

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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foggyb
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April 23, 2012, 03:22:13 PM
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Bitcoin is big problem for me....... .
PFFFFFFFFmuhahahahahaaha.



I have one or two tiny problems.
Bitcoins are not one of them, thankfully.




Have fun with your play money, CHUMPS.




After I bury these clowns, what will I do with all the profit?
First I will have my plastic surgeon remove this pimple from my lip.
Then? Then..........




Right, I remember: Jeeves: have my mistresses checked.

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