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A government employee doesn’t like bitcoin, wow.
With all this rancor it might even get to the point that drivers of Peprsi trucks stop waving at the drivers of Coke trucks, right..?
Gosh.
So the core of his complaints are that the idea of a non-state contolled currency isn’t big enough yet and can’t be sold short. In that case it should be treated like the Beanie Baby bubble rather than as a huge threat. Instead those who profit from having all currency controlled by governments look at Bitcoin like they have the chance (and obligation) to strangle it in its crib.
“...”Bitcoin has exchange rate volatility an order of magnitude higher than the volatilities of widely used currencies,” ...”
Hey, economics dork, just exactly what is our dollar worth?
And how many billions of worthless paper are printed each month?
“Bitcoin appears to behave more like a speculative investment than like a currency,”
Or Ponzi Scheme. :-)
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On Paul Krugman's Irrational Attack On Bitcoin
Any alternative to the beast's mark {i.e., fiat) will come under attack:
Almost Every Passenger On A Flight From Dubai To India Was Found Carrying 1 Kilo Of Gold