tag:blogger.com,1999:blog-2595455932654799850.post136654619896432082..comments2023-11-02T10:55:07.208+01:00Comments on The Monetary Future: The Fiat Emperor Has No ClothesJon Matonishttp://www.blogger.com/profile/04111660030028727950noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2595455932654799850.post-71878777756602157292013-04-24T00:57:35.132+02:002013-04-24T00:57:35.132+02:00You may have noticed bitcoin suffers from massive ...You may have noticed bitcoin suffers from massive volatility. States which control their own currencies, issue liabilities denominated in that currency and use a free-floating FX regime do not experience such instability. This alone makes sovereign currencies a superior vehicle for investment and savings because of decreased uncertainty.<br /><br />Government is the currency monopolist and as such is the price setter for its unit of account. With bitcoin prices are vulnerable to speculative manipulation, as we've seen in the last two weeks. Few will be interested in using a currency the value of which can swing by 100% or more within a few days.Anonymoushttps://www.blogger.com/profile/11018306000410021518noreply@blogger.comtag:blogger.com,1999:blog-2595455932654799850.post-65910316518502688172013-04-23T22:53:58.176+02:002013-04-23T22:53:58.176+02:00Bitcoin is in essence about closing the circle of ...Bitcoin is in essence about closing the circle of live again. Most people are sick of large scale businesses they cannot influence and who treat them as 'nuts and bolds'. <br />Crowdfunding/bitcoin strikes back. <br /><br />Some of us thought that internet would 'make the world flat'. But what actually happens is that with internet you discover your neighbours again, fostering barter. This nearonomics context 'produces' bitcoin.prof Frans van der Reephttp://www.fransvanderreep.comnoreply@blogger.com