Saturday, November 23, 2013

Call 'em Bernanke coins

Private currencies like bitcoin thrive only when markets begin to lose faith in the "full faith and credit" of government issued money.

And honestly, who can blame them? As Prof Reynolds always says: they'll make us all beggars 'cause they're easier to please.

http://reason.com/blog/2013/11/22/bitcoin-prices-reach-so-high-users-can-f

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