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They are linked at the hip in many ways. Bitcoin is a speculative asset, but it is also a really well thought out accounting ledger and transaction protocol fo
by nutate 13y ago
They are linked at the hip in many ways. Bitcoin is a speculative asset, but it is also a really well thought out accounting ledger and transaction protocol for that asset. Plus m-of-n transactions, watermarking, etc... lot's of cools stuff.
When people talk about the speculative nature, they tend to sound like Glenn Beck. When they talk about the technology, they sound more like techno-futurists. I like now that economists other than Austrians are getting into analyzing the possibilities. It isn't what the worst bitbugs want to hear (bitcoin taking over all currency and forcing global financial institutions to crumble), it is more contemplating how bitcoin fits into the complex monetary, financial, fiscal, etc world that already exists.