August 2011
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“An economist is someone who knows the price of everything and the value of...”
– Old joke based on Oscar Wilde’s quip about a cynic.
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Falkvinge - Bitcoin’s Deflationary Economy Not A... →
bitcoinnews:
Rick Falkvinge (@Falkvinge) posted his latest on Bitcoin explaining the flaw in the argument that Bitcoin cannot survive as it is a deflationary currency. Excerpts:
“While the economy as a whole may not have been deflationary, parts of it have been for decades”. “Electronics have been deflationary since the 1970s. A gadget with a certain performance can always be bought much...
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“I don’t pretend we have all the answers. But the questions are certainly...”
– ascribed to Arthur C. Clarke
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“If an elderly but distinguished scientist says that something is possible, he is...”
– ascribed to Arthur C. Clarke
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“He that will not apply new remedies must expect new evils, for time is the...”
– Francis Bacon, Essays
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“While you are at it, could you also fork gnome, and support a gnome-2...”
– Linus Torvalds
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