Quote from: em3rgentOrdr on June 30, 2011, 02:23:45 PM

Quote from: Current-C on June 30, 2011, 02:15:46 PM

Some good press on the LRC blog the other day. He does a good job of refuting some common misconceptions of why Bitcoins aren't money.

Part 1:

http://www.lewrockwell.com/blog/lewrw/archives/90453.html

Part 2:
http://www.lewrockwell.com/blog/lewrw/archives/90456.html

I was just about to post this. Looks like the tides are turning over at LRC. I guess it takes some time to figure it out.

How dare this blogger question the claim made by von Muses that money must arise out of an already existing commodity!?

I agree the tides are turning -- we need a Bitcoin PR person to do a podcast with Lew. The idea of money having to arise out of a commodity is far more tenuous than the idea that money is anything the market wants it to be. Clearly there are a growing number of people who believe Bitcoins are money and will continue to use it as such.

Edit: On a side note anyone know anyone over at www.zerohedge.com? A good post by Tyler Durden would go a long way and seems like a natural fit . . .