;-) On Sat, Jun 11, 2011 at 6:29 PM, Jeffrey Walton <noloa...@gmail.com> wrote:
> On Sat, Jun 11, 2011 at 4:13 PM, John Levine <jo...@iecc.com> wrote: > >>Unlike fiat currencies, algorithms assert limit of total volume. > >>And the mint and transaction infrastructure is decentral, so there's > >>no single point of control. These both are very useful properties. > > > > Useful for something, but not useful for money. I can't help but note > > that the level of economic knowledge in the digital cash community is > > pitifully low, and much of what people think they know is absurd. > OK, I bite - who has the knowledge? Is it the expert folks who have > the US 14 trillion or so in debt? Or is it embodied in experts in > other countries, such as Greece? > > > > > [SNIP] > > > > Jeff > _______________________________________________ > cryptography mailing list > cryptography@randombit.net > http://lists.randombit.net/mailman/listinfo/cryptography > -- Blog: http://off-the-wall-security.blogspot.com/ "The most likely way for the world to be destroyed, most experts agree, is by accident. That's where we come in; we're computer professionals. We *cause* accidents." -- Nathaniel Borenstein
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