Friday, June 13, 2014 11:21:47 AM
@auburnjunky- yeah bitcoins are more then a little mind bending. It took me multiple study sessions to understand them somewhat. He goes a brief idk... The stability of a money type is in the ability to defend it from fraud and ensure it's authenticity. The value of money is in the public`s perception of the stability and steadfastness of the issuer. So, fraud and inflation are the two enemies of money systems. Bitcoin is an attempt to manage this. The govs are worried because people put their money where their faith is. Also, one of the key points of money creation is that it allows for taxation without diminishing the asset.