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Regardless of what any armchair economist thinks about the federal reserve, how can you love bitcoin as a currency if you think that the fed 'plays an important
by aggronn 13y ago
Regardless of what any armchair economist thinks about the federal reserve, how can you love bitcoin as a currency if you think that the fed 'plays an important function'?
- natrius 13y agoI think the Fed plays an important function, but I also think that paper money won out over gold only because it was much easier to spend and verify. Otherwise, gold's track record as a store of value is clearly better. I think Bitcoin could outcompete the dollar, and if it does, central banking will end regardless of how I feel about it.
- aggronn 13y agoThere is a third possibility: central banks come up with their own alternative to bitcoin.