“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


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Zsofia - 99Bitcoins supportUltima ThuleZondor Recent comment authors
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Ultima Thule
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 »


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.