Post
Topic
Board Speculation
Re: Bitcoin is a game of conviction
by
dropt
on 06/04/2015, 15:05:20 UTC

honest money is a type of money where you can't just print more of it and redistribute the purchasing power arbitrarily.

you have to understand that an economy can not function properly when capital is allocated according to the whims of politicians and bureaucrats at a central bank.
it has to be allocated according to supply and demand so that production of what people demand can occur.

in particular the interest rate has to be set by the market according to the supply and demand of savings.

the people who understand these basic truths and understand why bitcoin is more functional than gold will make a fortune.


Don't quote the trolls unless you want to end up on ignore lists with them.