“A leading economist explains why bitcoin isn’t money” – BusinessInsider | $1185.01

The problem with a finite asset is that the economy is not finite, and if you have a limited amount of money to match this almost unlimited capacity of people in the economy to do things, money doesn’t work.

Eulogy made by: Ann Pettifor

Source

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.

3
Leave a Reply

avatar
2 Comment threads
1 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
3 Comment authors
Zsofia - 99Bitcoins supportUltima ThuleZondor Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Ultima Thule
Guest
Ultima Thule

Any amount of money is suitable for any volume of goods. It is not a money, but the SHARE of the money which is important. So it doesn’t matter whether you have 1 or 1 million. It is important, if your money is 0.00001 or 0.001 of the total amount of money . . So there is no problem with BTC that it is limited in the amount. . But BTC is NOT A MONEY ! BTC is a TOY ! A point system like in a childish card game or so. Its value is EXACTLY ZERO. The money has… Read more »

Zondor
Guest
Zondor

Gold’s finite too – don’t see that dying any time soon.
The quantum computing angle could become an issue, but surely if that is true for decryption, it will work for encryption too.