Quote from: Exther2 on March 08, 2015, 01:36:22 PM

Quote from: ChicagoSchooler on March 05, 2015, 10:52:48 PM

In "The Denationalization of Money", Friedrich A. Hayek says that private monies should be allowed to exist and that the one with the most stable value would be most likely to win.

In defense of Bitcoin, many suggest that the frequent, large price inflations and deflations are preferred over a currency with stable value.

Was F.A.Hayek wrong?

Side note: he also says that indexation is not a substitute for price stable money.

He's not aware of Bitcoin power. Stability will be shown once Bitcoin gets global adoption and acceptance, so the usage too.
By global I mean everywhere e.g. Google, Microsoft, PayPal, Amazon, eBay etc.

Well, global isn't only bound to the large players of tech. By global, it means that even little merchant use and implement bitcoin as their payment option.