tag:blogger.com,1999:blog-3758330678390419129.post3851014422589750905..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Funny Thing About BitcoinsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-61657327944941130282015-01-19T16:28:27.400-05:002015-01-19T16:28:27.400-05:00Sure, but the "tracking" makes no differ...Sure, but the "tracking" makes no difference if you sell to another person for cash and bought with cash. Otherwise gold is identical. What matters is NOT the record of intermediate transactions but whether the final exit (and entry) points attach identity to you. And even for someone who has identity attached to an input, there are services like "tumblers" which join your Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-766722547995993872015-01-19T11:35:40.795-05:002015-01-19T11:35:40.795-05:00I thought a new digital currency would have knocke...I thought a new digital currency would have knocked Bitcoin off by now. There's nothing there guys.Wagshttps://www.blogger.com/profile/14719718595125311688noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29168974506031470142015-01-19T09:26:05.476-05:002015-01-19T09:26:05.476-05:00You are attributing tax/accounting issues to gold ...You are attributing tax/accounting issues to gold in a negative light which IS NOT the point.<br /><br />The point is that intrinsically gold has no built in tracking system, whereas Bitcoin does.<br /><br />So you bought a gold coin with a credit card online and then sold it at a local dealer who<br />took your ID and issued you a check which you deposited in your checking account.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7547499027674298282015-01-19T08:52:36.507-05:002015-01-19T08:52:36.507-05:00There's some silver colored in there too. You ...There's some silver colored in there too. You have to wonder why the physical manifestation of Bitcoin is done in gold & silver, instead of colored like monopoly money, or even Federal Reserve green. <br /><br />Seems like they are trying to draw parallels to gold/silver, while also bashing it at the same time. There's a cliche about cake somewhere around here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30253403403191474902015-01-19T01:21:30.868-05:002015-01-19T01:21:30.868-05:00Gold leaves no trail? Only if you're buying it...Gold leaves no trail? Only if you're buying it under the table with a suitcase full of cash, shady style (and of course you can do the same with bitcoin so there's no difference). Also dealing with gold in this way is illegal, which you should definitely not be encouraging (perhaps you're using gold in this way - if you are you should be very careful you don't get audited!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-32129622830942654592015-01-18T21:14:34.065-05:002015-01-18T21:14:34.065-05:00Gold: Has use-values.
[b]itcoins: Never had.Gold: Has use-values.<br />[b]itcoins: Never had.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14209437149661442382015-01-18T21:02:59.002-05:002015-01-18T21:02:59.002-05:00Gold coins? I thought the picture showed chocolate...Gold coins? I thought the picture showed chocolate candy coins!Butte Billhttps://www.blogger.com/profile/15492733272321139387noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35161683378685019772015-01-18T16:28:19.207-05:002015-01-18T16:28:19.207-05:00What an intelligent critique! I'm now convince...What an intelligent critique! I'm now convinced that Gold is better then Bitcoin. Sorry, Dr. Szabo, nice try.Anonymousnoreply@blogger.com