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100 sats \ 4 replies \ @mo 5 Jul \ parent \ on: Once Bitten! • Bills Of Exchange Built On Bitcoin # 550 • Listen on Fountain bitcoin
LOL... pure bs: put a commercial bill and a piece of gold in front of a merchant to close a deal anywhere in the world, and just look at which one will blindly pick.
Your energy could be spent in something more productive and useful for humanity. bitcr is not solving a problem, is helping a big one to persist.
You believe whatever you want to believe, g'luck
As I mentioned, this simply does not work, there is no such choice because there CANNOT be. Real goods flowing needs elastic medium of exchange.
Hayek wrote quite lucidly in "Prices and Production" if you care about economics.
If not, I have no time to teach this.
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Hayek wrote quite lucidly in "Prices and Production
That book is nearly 100 years old, evaluating the consequences of the industrial revolution. We are in the 21st century, things are changing, especially now, with bitcoin, we have an opportunity to make things differently. Why continue replicating what has been wrongly done in the past with the technology of today?
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- The project is NOT "replicating". Austrian economists have some serious objections with the old system.
- Why? So Bitcoin can work in the real economy.
If you listen to the Pod, it describes the needed changes and the motivation.
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Why continue replicating what has been wrongly done in the past with the technology of today?
well said
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