I don't know much about bitcoin, except you can "mine" bitcoins at some expense - to your power bill, your time and the environment. What's the point? (And how does it manipulate the medium of exchange?)
On 5 May 2014 12:34, meekerdb <[email protected]> wrote: > On 5/4/2014 12:38 PM, Telmo Menezes wrote: > > Yes, and this already happened. I would add that capitalism is not > catching up with anything because it doesn't even exist at the moment. The > money supply itself is not under the control of the market, so the system > is non-capitalist at its core. Bitcoin is an attempt at real capitalism, it > remains to be seen if it can survive. > > > I think that confuses financialism with capitalism. If you can invest in > labor and equipment and produce something that returns a profit, you're a > capitalist. Bitcoin looks to me like just another attempt to manipulate > the medium of exchange and profit from it - a role traditionally taken by > Wall Street and the Federal Reserve in the U.S. > > Brent > > -- > You received this message because you are subscribed to the Google Groups > "Everything List" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To post to this group, send email to [email protected]. > Visit this group at http://groups.google.com/group/everything-list. > For more options, visit https://groups.google.com/d/optout. > -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
