Saturday, April 29, 2017

Getting the bitcoiners on board the sandbox

The group seems a bit schizophrenic. Sometime they seem to want their own sandbox,  but they depend entirely on  fiat pricing.  They are stuck in a dual currency world, and their is no such thing a a multi-currency sandbox limited to two  currencies.

No problem. The bitcoiners issue currency via the ledger system and we can still run zero bound savings and loans , at whatever risk level one chooses. It is the block chain and how it is used that makes bitcoin he central bank hedger, and they are stuck there, happy or not, they got niched. As I say, a very valuable niche.  They can keep on refining the block chain all they want, and good for us all, but that is a separate issue from the point of view of the sandbox.

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