[ExI] De-Orbiting Gold

Stefano Vaj stefano.vaj at gmail.com
Mon May 21 12:11:18 UTC 2012

On 21 May 2012 00:44, Anders Sandberg <anders at aleph.se> wrote:

> However, the real problem is of course that all the value lies in the
> perception of value.

Yes, I agree.

Bitcoin is very volatile because it is a small currency. A currency better
> be either large or backed by some stable institution to remain stable.

I look at Bitcoin with interest, by it is still unclear to me whether we
still need a currency, and/or whether a system such as that suggested in Money
as Debt III: Evolution Beyond
Money<http://www.youtube.com/watch?v=3P7izAUe3ZM>would not be more
practical, and/or whether such currency should be scarce,
the problem with fiat money being possibly that of its control by private
monopolists lending it against interest more than of its very existence.

Stefano Vaj
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