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Adam Cohen: Is the cryptocurrency Bitcoin a good idea?
- gcb 15y agoi have no clue who adam cohen is, but he clearly didn't even read the FAQ, let alone the fine manual, on bitcoin. and to top it off, his 'analysis' starts with a diatribe BEFORE he make any point. He may have a point on item 2 and 3. but reading point 1 was just whoooooosh. and i'm not even into bitcoin!
- gcb 15y agoand on point two, he also compares bitcoin to a currency that has a government printing money. the fact that you want a currency to look like a number of twitters graph he show is because you are assuming inflaction by government action. Where people gamble with the need of said government to print money! if you remove government action, of course people will hold to money --if they do not have the need to spend. that's the whole point of it! I hold down to my money in the hopes that i will have means when i need it. economists juggle money to trick me out of my wealth while i sleep!