tag:blogger.com,1999:blog-3758330678390419129.post2399829988147720499..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Venezuela is a Perfect Example of Bitcoin Delusional ThinkingRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-29780307679638623342018-01-12T13:50:36.034-05:002018-01-12T13:50:36.034-05:00A gold standard is dumber than a bitcoin currency ...A gold standard is dumber than a bitcoin currency system. And a Bitcoin system is dumber than a NAV or PIVX system. Gold doesn't serve any purpose under a gold standard, other than to act as an accounting unit. It just sits in bank vaults doing nothing. Further, as the price of gold appreciates under a gold standard, the incentive to mine it sky rockets, which just adds inflation and Libertarian Newshttps://www.blogger.com/profile/09978065788530967251noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68519766257899926152018-01-09T21:33:26.570-05:002018-01-09T21:33:26.570-05:00absolutely asinine line of questioning--but unsurp...absolutely asinine line of questioning--but unsurprising considering it comes from you.<br /><br />BTCer claims BTC is being used as an alternative currency to the destruction that the world system, American foreign policy (et al), and the Venezuelan gov't has wrought on the economy. RW immediately acts as if the BTCer has claimed "use as an alternative currency" is synonymous with Phil Martinhttps://www.blogger.com/profile/00388842760197647912noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24380989153577817832018-01-09T15:00:22.207-05:002018-01-09T15:00:22.207-05:00It may not save Venezuela, but it might help indiv...It may not save Venezuela, but it might help individual Venezuelens navigate the chaos.Donxonhttps://www.blogger.com/profile/16480364222848672992noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14018728243001608972018-01-09T14:24:13.013-05:002018-01-09T14:24:13.013-05:00They'd argue that Bitcoin can help most where ...They'd argue that Bitcoin can help most where the problem is most severe. Also, too few people are using it there to have any macro effect on Venezuela.Anonymoushttps://www.blogger.com/profile/08340471191018052788noreply@blogger.com