Quote from: JeanLucPicard on June 11, 2011, 09:14:47 PM

Quote from: zef on June 11, 2011, 08:34:42 PM

positive debunking of common austrian complaints against bitcoin
http://www.libertariannews.org/2011/06/06/libertarian-goldbugs-hating-on-bitcoin-free-market-money/

Awesome article!

One thing he has wrong is that "gold can be infinitely mined" - in fact there is talk that not only have we reached peak oil, we have reached peak gold.

What I find particularly ingenious about the Bitcoin system is that it mimics this whole cycle. In the beginning gold was easy to find in Australia. We are still producing but its much harder.