You may want to read
The End of Money, David Wolman, 240 pp, Da Capo Press, 14 February 2012
insofar as it suggests that turning your smartphone
into a branch bank makes all other forms of money
irrelevant. Perhaps especially digital cash.
--dan
1. No offline transactions, which makes Bitcoin useless for
a large class of transactions.
On Mon, 27 Feb 2012, James A. Donald wrote:
Smartphones.
The implicit assumptions here, namely that
* everyone who wants to make financial transactions carries a smartphone
* smartphones never
[Another key bitcoin flaw is that it's not particularly anonymous
in the face of NSA-level network surveillance. Cash *is* (remains)
under these conditions.]
On 2012-02-27 10:26 PM, lodewijk andré de la porte wrote:
Working on this. And the network problem.
What is the plan?
Seems to me
Hmm... Where have I heard of that idea before...
http://disattention.com/78/digital-currencies-crypto-finance-and-open-source/#ot
https://github.com/FellowTraveler/Open-Transactions
https://github.com/FellowTraveler/Open-Transactions/wiki/FAQ
UNTRACEABLE DIGITAL CASH? … FOR REAL?
Is this the
On Sun, 26 Feb 2012 08:48:05 -0500
d...@geer.org wrote:
Well put, James. Warren Buffet's arguments are, to my eye,
aligned with yours. He argues that gold has no intrinsic
value, unlike farmland or a company like Coca Cola. In that
way, his evaluation is as instrumentalist as is yours,
On Sun, 26 Feb 2012 17:57:14 +1000
James A. Donald jam...@echeque.com wrote:
On 2012-02-26 1:18 AM, Benjamin Kreuter wrote: The demand
for Bitcoin as a currency is driven by its properties as a
digital cash system; people still need to get their
nation's currency at some point
Frau
On Sun, 26 Feb 2012 11:00:15 -0500
Bill St. Clair billstcl...@gmail.com wrote:
On Sun, Feb 26, 2012 at 10:08 AM, Benjamin Kreuter
brk...@virginia.edu wrote:
On Sun, 26 Feb 2012 08:48:05 -0500
d...@geer.org wrote:
Money and government go hand in hand. Governments need money in
order
On 27/02/12 03:00 AM, Bill St. Clair wrote:
You've just made a very good argument for eliminating money, at least
government issued money. Yes, governments just love to assess taxes,
fees, and fines. No, I have no need of any of that.
Maybe, maybe not. The princes, bandits argument is not
d...@geer.org wrote:
Warren Buffet's arguments are, to my eye, aligned with
yours. He argues that gold has no intrinsic value, unlike
farmland or a company like Coca Cola. In that way, his
evaluation is as instrumentalist as is yours, to the extent
that I understand the both of you. His
See 2011 shareholder letter
www.berkshirehathaway.com/letters/2011ltr.pdf
Warren Buffet's argument leads to the conclusion that had Roman in the
time of Caesar invested a talent in land, or deposited some money with
the money lenders to earn interest, his descendents would now be worth
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
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
From: James A. Donald jam...@echeque.com
Warren Buffet correctly argues that gold will, on average,
lose value. However there is a significant risk that
everything except gold will lose value.
There is no risk that potable water or salt or (properly maintained) rifles
with ammunition will lose
On 2012-02-26 1:18 AM, Benjamin Kreuter wrote: The demand
for Bitcoin as a currency is driven by its properties as a
digital cash system; people still need to get their
nation's currency at some point
Frau Eisenmenger writes in her 1919 diary:
On 2012-02-25 12:53 PM, ianG wrote:
It is also a singular lesson in the emotive power of cryptography to
encourage large numbers of people to hash their intelligent thought
processes. What we are seeing is otherwise rational people invest much
time effort into what amounts to a ponzi or
Then you'll find out about Santayana's curse - those that don't study
history are doomed to repeat it. For reference, start with read John
MacKay, _Extraordinary Popular Delusions and the Madness of Crowds_.
MacKay turns out not to be all that accurate.
The definitive work on financial
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