Post
Topic
Board Economics
Re: A Resource Based Economy
by
Nefario
on 04/04/2011, 08:10:48 UTC
The reason money exists in the first place is to allow the allocation of finite resources. Where resources are limited but wants (and to a lesser extent needs) are not. With regards bitcoin as a god intermediary step, sure fine. The fact that bitcoin cannot be manipulated and diluted the way that fiat currency can is a big bonus and helps prevent governments or other groups stealing wealth by manipulating currency.