23 Jun
2012
23 Jun
'12
10:21 a.m.
Bitcoins become harder and harder to compute the more Bitcoins exist. On Jun 23, 2012 5:30 PM, "Trent W. Buck" <trentbuck@gmail.com> wrote:
[Fiat currencies and the gold standard]
Incidentally, WP's bitcoin article seems to indicate it is not a fiat currency; that there is some fundamental (presumably mathematical) basis whereby there is a fixed number of bitcoins that can ever exist.
My cryptography is not strong enough to tell if that's true, and my economics is not strong enough to understand the implications if it is, but I daresay it's more interesting and useful than talking about the gold standard. _______________________________________________ luv-talk mailing list luv-talk@lists.luv.asn.au http://lists.luv.asn.au/listinfo/luv-talk