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 . . .