Post
Topic
Board Press
Re: Bitcoin press hits, notable sources
by
Current-C
on 30/06/2011, 15:05:59 UTC
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 . . .