Today's NYT piece on BitCoin:  h
ttp://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/?_r=0

-TJ


On Sun, Dec 22, 2013 at 1:34 PM, Owen Densmore <[email protected]> wrote:

> Just like other digital replacements (think of Kindle/Ebooks .. nice to
> read, but hard to share and sell, but update instantly) there are speed
> bumps not yet resolved.
>
> But when they are, BC may easily become the first internationally accepted
> currency.  Or at least a node in the "money is fungible" pipeline.
>
>    -- Owen
>
>
> On Sun, Dec 22, 2013 at 11:33 AM, Patrick Reilly <
> [email protected]> wrote:
>
>> Any really-existing government favors the interests of those who have
>> ownership "rights" within that insant society, and these "owners"
>> generally benefit by maintaining currency stability, except for periodic
>> spasms of orchestrated bank-thievery.
>>
>> But Bitcoin lacks the general predominance of influence of the dominant
>> class in generally maintaining value-stability. So I don't believe that BtC
>> will become a currency, but i do expect BtC to become a
>> "mainstream" asset.
>>
>>
>> On Sunday, December 22, 2013, Pamela McCorduck wrote:
>>
>>> We're agreed that currency is a consensual illusion, but I'm in the
>>> habit of relying on government backing it. I don't say it's any realer.
>>> Just my habit.
>>>
>>>
>>> On Dec 22, 2013, at 1:19 PM, cody dooderson <[email protected]> wrote:
>>>
>>> I don't think Bitcoins are any more fake than the rest of the currencies
>>> we use. A hundred dollar bill is just a slip of paper without the belief
>>> that it's worth something.
>>>
>>> Cody Smith
>>>
>>>
>>> On Sat, Dec 21, 2013 at 10:35 AM, Patrick Reilly <
>>> [email protected]> wrote:
>>>
>>>> Well, BtC can't be a currency, that's for sure.
>>>>
>>>>
>>>> On Friday, December 20, 2013, Gillian Densmore wrote:
>>>>
>>>>> Greetings fellow technomacers
>>>>> In light of the puzles around dot coin mining such as  bitcoin:
>>>>> There is a mining (big ass number making) technology that only
>>>>> Heizenberg would understand. Even then I'm not so sure . :P
>>>>> Called scrypt
>>>>> I've decided to upgrade my technomancer knowledge slightly and try it
>>>>> out.
>>>>> There's lots of mining consortiums around one that i'm trying out is
>>>>> at cryptologik <http://cryptologik.com/>
>>>>>
>>>>> cryptologik.com
>>>>>
>>>>> I'm wondering if someone with a head for math that wasn't bent with
>>>>> strange and wonderful notions of Nash Euiliberiumbs, and group philosophy
>>>>> that seem to say basicly: Humans are bat ass crazy:
>>>>> What i'm wondering is this:
>>>>> Is it me or does this Bitcoin thing seem like an enormous fad?
>>>>>
>>>>>
>>>>>
>>>>> I also find it a little amusing that my macbook plays with coin mining
>>>>> software better than my winderz box.
>>>>>
>>>>>
>>>>
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-- 
==========================================
J. T. Johnson
Institute for Analytic Journalism   --   Santa Fe, NM
USA<http://www.analyticjournalism.com/>
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