Well, personally, I love them conceptually. Many libertarians subscribe to the idea of competing currencies as a preferred alternative to an actual "gold standard." Dentralized currencies are always a plus. Bitcoin isn't entirely decentralized, but there are competing currencies, and the barrier to entry into this digital currency market is very low right now--it'll get harder down the line, but already there are litecoins as a competing.
On Wed, May 29, 2013 at 4:56 PM, Michael Torrie <[email protected]> wrote: > On 05/29/2013 11:26 AM, Levi Pearson wrote: > > Inflation and deflation speak about *prices*, not directly about > > currency value. If the value of your currency goes up, then as a > > result prices in terms of that currency will drop, thus deflation. If > > the value of your currency goes down, prices go up, and there you have > > inflation. > > Speaking of economics, I know that a few pluggers are diehard > libertarians. What do libertarian-mind people think of bitcoin? In > some respects it's more like a gold standard in that there is a finite > amount of bitcoins that can ever exist. On the other hand it is just as > fictional as fiat currency. > > /* > PLUG: http://plug.org, #utah on irc.freenode.net > Unsubscribe: http://plug.org/mailman/options/plug > Don't fear the penguin. > */ > -- Todd Millecam /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
