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Author Topic: why I think cryptocurrency market is a fake  (Read 5974 times)
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November 15, 2014, 09:08:05 PM

nthing at all garanteed.. if people see value they will use it.. the market will always lead govt will have to put out or get out

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November 17, 2014, 10:15:08 PM

Hi, this is my first message in the board so greetings everybody.

People really shouldn't be able to start threads with Newbie accounts, the spam is relentless.

Well, I have been following the cryptocoin market for a while

Your definition of a while, and my definition of a while are likely very different.  I won't presume to know anything about you, but I would suggest you go and get a job, and stop worrying about what we are doing.  When your first post is a provocative attack, it demonstrates that you are not here to be constructive, and as this is the purpose of this forum it makes your presence here unwanted.
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November 18, 2014, 12:57:51 AM

I decided analysing a bit more in detail this issue because, I like the cryptos proposal, but I think some requirements must be guaranteed to prevent cryptos becoming the currency of poor people. For the moment, I have just extracted some paragraphs from Hayek's book Denationalisation of Money. I will go further with another Austrian authors in the next few days and, at the final, I will wrap all up in a thread. Then I will update this one. Just, clarify that I am not against cryptos, at all, but looking for how to guarantee that they can be successfully adopted.


Here's Szabo on Hayek:

"Austrian economists like Hayek usually eschewed the use of traditional mathematics to describe the economy because such use assumes that economic complexities can be reduced to a small number of axioms."

"As Friedrich Hayek pointed out, our mutual inability to understand a very high fraction of what others know has profound implications for our economic and political institutions. "

Please view these links....

Here's the links I gave you in the Beginning of the's all there:

The type of discussion you really may be looking for:(read the replies also) Wink

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Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
ponzinomics reloaded
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November 18, 2014, 08:57:10 AM

Thanks for the links. Every link would trigger a different debate. I am more a Popperian than a Hayekian in method. However, the links, I think, does not focus in the approach that I have in mind. Even Austrians I think fall short on their analysis of free banking. I know where I want to come but I prefer to back it in references to Austrians view of free banking as I think I agree more to Mises and Rothbard than Hayek, but Hayek studied it more in detail. I will be back to the thread. Is a very interesting issue.

Update: I quit explaining any arguments. Not worth. Alea jacta est. Thanks for the thread
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