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Transhumanites,<br>
<br>
Check out this (admittedly now a few months old) article criticizing
Bitcoin:<br>
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<a class="moz-txt-link-freetext" href="http://www.technollama.co.uk/we-need-decentralized-cryptocurrencies-we-just-dont-need-bitcoin">http://www.technollama.co.uk/we-need-decentralized-cryptocurrencies-we-just-dont-need-bitcoin</a><br>
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The best part is where he says:<br>
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"In one of the <big><b>best pieces</b></big> that I’ve read about
the instability of Bitcoin, Matthew Yglesias argues that it is
possible that it will continue to go up and down in price forever."<br>
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And then he quotes it saying:<br>
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"The problem is that if the price of a bitcoin is on a steady upward
trajectory, then nobody’s actually going to want to <em>spend</em>
a Bitcoin on anything. And if everyone’s hoarding their Bitcoins,
then the network is actually useless. Then, since it turns out to be
useless, you get a crash."<br>
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I mean, obviosly this guy is a few french fries short of a happy
meal. I thought the people that fought to destroy the sewing
machine, because they would destroy the jobs of all the seamstresses
were dumb.<br>
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Every argument I've seen, to date, against Bitcion seems to me to be
almost equally mistaken, or at best near a zero possibility. So why
are people so compeled to bleat, believe, and act according to this
kind of stuff? I can't wait till all the wealth drains out of the
pockets of people that think this way, and into the pockets of
people with a little more intelligence than this. The singularity
must truly be near.<br>
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By the way, does anyone want to work for the now funded startup
Canonizer.com? We're hiring.<br>
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Brent Allsop<br>
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