On 2012-02-27 1:28 AM, Benjamin Kreuter wrote: > If the US Dollar were to fail, Bitcoin would be the last > thing on anyone's mind; we would probably wind up switching > to some other government's currency while we sorted out the > mess (Yuan perhaps), or we would just spend our time > killing each other and not worrying too much about money.
There has never been a time when we were too busy killing each other to worry about money. > Perhaps you just need a short list of reasons why Bitcoin > is not going to replace government issued currencies: > > 1. No offline transactions, which makes Bitcoin useless for > a large class of transactions. Smartphones. > 2. Fixed upper bound on the number of currency units, which > creates deflationary trends as economies and populations grow. Deflation! Oh the horror, the horror. How did we ever survive during the several hundred years when deflation was normal? > 3. No governments allow tax payments made using Bitcoin Oh the horror. _______________________________________________ cryptography mailing list [email protected] http://lists.randombit.net/mailman/listinfo/cryptography
