21 May '13, 2pm

Game over, #Bitcoin. Where is the next human-based digital currency? by @stanjourdan #currency @mbauwe…

Game over, #Bitcoin. Where is the next human-based digital currency? by @stanjourdan #currency @mbauwe…

The Greek economist Yanis Varoufakis draws the conclusion that the idea of a “de-politicised currency capable of ‘powering’ an advanced, industrial society” is a fantasy. He argues: “Would it be possible to calibrate the long-term supply of bitcoins in such a way as to ameliorate for the deflationary effects while tilting the balance from speculative to transactions demand for bitcoins? To do so we would need a Bitcoin Central Bank, which will of course defeat the very purpose of having a fully decentralised digital currency like bitcoin.”

Full article: http://ouishare.net/2013/05/bitcoin-human-based-digital-c...

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