tag:blogger.com,1999:blog-3758330678390419129.post7258509864587349230..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Bitcoins Surface in IranRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-48650675090093528002012-11-30T15:53:33.778-05:002012-11-30T15:53:33.778-05:00Excellent observation. I think BitCoin is going br...Excellent observation. I think BitCoin is going break out soon, and rise quickly in value. I'm putting money in each week, and even if it drops in value in the short term, the long term qualities make me very bullish. <br /><br />They are trading at +/-$13 now, but I think they will go MUCH higher soon. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86800600462561176902012-11-30T14:05:11.583-05:002012-11-30T14:05:11.583-05:00This is why I say that bitcoin actually satisfies ...This is why I say that bitcoin actually satisfies the regression theorem. First I differentiate between currency and money, like Mike Maloney and a few others. If paypal offered credits that could be traded between users of paypal, that would be currency, but not money.<br /><br />Second, the originating commodity in the regression theorem need not be something that is actually consumed, like npcompletehttps://www.blogger.com/profile/09180638009713314654noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42004773069537998042012-11-30T13:59:57.714-05:002012-11-30T13:59:57.714-05:00Another interesting aspect about Bitcoin its abili...Another interesting aspect about Bitcoin its ability to function merely as a settlement currency with other tremendously powerful financial cryptography tools like Open Transactions and Ripple (entering beta release). If you have not seen this interview with Chris Odom then I would highly recommend viewing it:<br /><br />http://www.youtube.com/watch?v=Vfhbjkge4fsTrace Mayerhttp://www.runtogold.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72293934857555094742012-11-30T12:13:23.467-05:002012-11-30T12:13:23.467-05:00An often under appreciated aspect of the bitcoin s...An often under appreciated aspect of the bitcoin system is that it is politically neutral. Bitcoin is a truly person to person system, even more so than cash; governments are not involved in any part of a value exchange between individuals.<br /><br />If a government happens to want to fight terrorism, drugs, media piracy or tax fraud, then by all means fight them - but do it with out spying on Richardhttps://www.blogger.com/profile/10292005174937546122noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7122652211753840922012-11-30T10:16:55.790-05:002012-11-30T10:16:55.790-05:00It reminds me of the saying: "What if they de...It reminds me of the saying: "What if they declared a war and no one showed up?"<br /><br />Bitcoin has the potential to make that statement a reality.Jacknoreply@blogger.com