Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
r0ach
on 15/04/2017, 17:16:40 UTC
btc has no less counterparty risk than gold

You need to be flat out lying to claim bitcoin has equal or less counterparty risk than gold.  It requires ONLY TWO parties in order to complete a transaction if there is no counterparty risk involved.  Since you need things like active miners, active node archivers, and numerous other parties, bitcoin has QUANTIFIABLY HIGHER counterparty risk than gold and silver.  There's ALWAYS more than two people involved in the equation, and the Nash equilibrium doesn't even exist in the first place, nullifying it's entire purpose.