Is Bitcoin the Future?
by John Mauldin
of Mauldin Economics
It should be Maudlin Economics. He's probably crying himself to tears over thinking he missed the boat with Bitcoin.
Satoshi, as technologically brilliant as he (or she or they) was, was limited in his understanding of economic exchange. He was trying to create electronic gold. To some degree, he was confusing technology with money. He was trying to overcome the flaws of our current monetary system (a very laudable goal, I might add) but limited himself to thinking within the box in which the current monetary system placed him.
What box is he talking about? Satoshi knew very well about Modern Money Mechanics.