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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