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Abscate Premium Member
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Joined: October 05, 2014
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PostPosted: Mon Jun 07, 2021 6:06 pm    Post subject: Re: Bitcoin Reply with quote

Manfred58sc wrote:
^^^ A pedantic read ^^^ with little bearing on modern monetary theory and practice. Good stuff for junior high kids before you sell them college debt and mortgages. Wonder why the youth embrace this phenomenon?

Peer to peer transactions are not within the scope of these theories.

Various nations accepting Bitcoin is an important step in acceptance .


It’s actually excellent, as is the Communist manifesto

Both are highly misquoted inthe sense that people use fractional parts of the work to defend dogmatic positions. Ive found 95% of conservatives who say they have read it still think that rent seeking applies to landlords.

Bitcoin can be regulated, and governments have the right to regulate their currencies, so position that Bitcoin is liberating is a false hope.
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wheel607
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Joined: May 30, 2004
Posts: 1845

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PostPosted: Mon Jun 07, 2021 6:50 pm    Post subject: Re: Bitcoin Reply with quote

Manfred58sc wrote:
^^^ A pedantic read ^^^ with little bearing on modern monetary theory and practice. Good stuff for junior high kids before you sell them college debt and mortgages. Wonder why the youth embrace this phenomenon?

Peer to peer transactions are not within the scope of these theories.

Various nations accepting Bitcoin is an important step in acceptance .



"wonder why the youths embrace this phenomenon" because MOST still live in mom and dads house, are really lazy and want something that you have and are willing to take it from others anyway they can. This has NOTHING to do with work. It is just another scam of the "last man holding the bag". Countries will not devaluate to let this crap take hold. Now pandemic takes the headlines with just a little being consumed by Musk and others but just wait. I dislike them also but just wait for the real thing in block chain.....Facebook Diem....it will be pegged to the dollar and exchange traded. Easy to use as payment....and boy will it be used.
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