Which is to say, if you're hoping that anything, including Bitcoin will lead to some insta-Utopia, you are misguided and likely to do something harmful.
Money and power will always lead to corruption. However, if you have a bitcoin, you keep a bitcoin and if you spend it, it's gone. With the dollar, the government prints them, robbing wealth from savings and gives them to the connected. It doesn't fix everything (or maybe even much) but it's an improvement.
True. Did someone claim Bitcoin will solve all the ills of the world? I believe I must have missed that.
One who endorses state violence against others is not one who "would not wish any harm or hindrance to other people"
Your argument is naive and immature. Really. Please try to understand a bit more about the issues before commenting further (Hint, the government enforces a monopoly on many of those so-called services).
The IRS expects taxes to be paid for "Payment in kind". I would expect that the author would have accounted for that in the story some how but based on his opinions about Bitcoin, perhaps not.
The baby is not breathing and is oozing putrid fluids.
IMO, for stocks that don't actually pay dividends, it's actually true.
For stocks that don't have returns, your only incentive to buy is to resell for more later.
This makes them an excellent target for a bubble when government is printing huge amounts of money. Like right now.
I prefer "concordant"
Inasmuch as there is any "inherent" value in anything (hint, there isn't), Bitcoin has its distributed irreversible transaction ledger. It may be worth a little more than you think.
Oops. Didn't realize you were quoting. You might want to look into the <quote> tag
You don't move the decimal, you merely allow finer divisions. If I can buy a coffee for a dollar and the US Govt suddenly introduced 1/10th cent coins (not gonna happen but bear with me), coffee would still be a dollar.
I am looking onward to an electronic currency, BitCoin, and others like it, are horrid.
It's interesting to see you saying that after displaying a near complete lack of understanding about how it actually works. Pay to have it exist? What relevance does mining costs have to anything?
I tried buying a sandwich but I sneezed and then the flake was gone.
I think Richard Nixon stole it.