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Sunday, March 31, 2013

BitCoins is NOT the Answer

Bitcoins is getting a bit of press recently.  I have posted on Bitcoins before.   The entire construct is based on scarcity, which is akin to using baseball cards or gold as money.

I am against gold as money, baseball cards, or any means of placing value based on constricting circulation to derive 'collectibles' value.

Bill Still put together a decent video on bitcoins below.  I could do with less preachy god-life values and more with the core reality of bitcoins vs a better solution.

In any case a good watch, see below:

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