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That paper makes a preposterous assertion. Here's the very simplest summary of it and its criticism: http://themisescircle.org/blog/2013/03/19/bitcoin-and-the-
by lingben 13y ago
That paper makes a preposterous assertion. Here's the very simplest summary of it and its criticism:
http://themisescircle.org/blog/2013/03/19/bitcoin-and-the-regression-theorem/ http://themisescircle.org/blog/2013/03/19/bitcoin-and-the-re...
- MarcusBrutus 13y agoSpot on! I skimmed it very quickly and I also got the feeling that portraying "shiny metals" as something that, in the beginning, only "a few crazy ones" liked to possess (attempting to draw a parallel with BTC's origins) does not stand to scrutiny. Desire for shinny metals and, in general, beautiful objects (diamonds, pearls etc) is hard-coded deeply in the human psyche, is found in myths since the dawn of time and is part of our human nature and our ability to appreciate beauty and being drawn to it. It's preposterous to claim the same for random strings of bits.
- deleted 13y ago[deleted]