Post
Topic
Board Economics
Re: Mises' Regression Theorem.
by
NewLibertyStandard
on 25/07/2010, 18:05:25 UTC
Factoid of the day: I willed Bitcoin's monetary value into existence. Satoshi was all like, "This is beta, don't use it for real financial transactions." And I was like, "Dude, this is friggin' awesome! I think I'll give it monetary value." And then I did. Look it now, with the all the monetary valuing. Brings a tear to the eye, I tell ya! Cry

That's pretty cool. What was Satoshi wanting to wait for?
I don't know for sure, you'd have to ask him. I just figured it was either that he took real financial transactions very seriously or he didn't want people to get too invested in it so that he could make breaking changes if needed or as the developer, he perhaps wanted to stay independent of the financial side of it. To this day I've never bought or sold any bitcoins from/to him and I have absolutely no idea how many bitcoins he has. But the way I looked at it, the idea was too golden to have it sit in obscurity. Earning money wasn't my goal and I'm not a libertarian; I just wanted this revolutionary technology to get the exposure it deserved. Factoid of the day (that last one counts as yesterday): I chose this user name and marketed my now retired website toward the End the Fed movement, libertarians, the Tea Party movement and related movements because I figured that was the best way to get the word out. But I'm not part of any of the above and I don't have any problem with fiat currencies, the Federal Reserve, the current banking system or the current majority party in the United States or the general direction the current government is moving. There are some things I don't like about government and a few decisions from the current administration that I strongly disagree with, but I'm a very traditional USA democrat, so I'm quite content with the general direction in which things are moving.