27 Apr '14, 5pm

Ron Paul Doesn’t Believe Bitcoin is “True Money”: Have you heard? Ron Paul is now on Quora — a popular questio...

Have you heard? Ron Paul is now on Quora — a popular question-and-answer website. The 78-year-old politico has been answering questions, and revealed on Wednesday his true feelings on the emerging digital currency we know as bitcoin. “Bitcoin is a very interesting subject because for many years in Congress I was a champion of legalizing competition in currencies,” he wrote in the opening line in his response to the question: Bitcoin: Why does Ron Paul think Bitcoin does not fit the definition of money? Paul has made no secret that he feels today’s monetary system isn’t quite what it should be: We have a terrible monetary system today. We have a government that purposely counterfeits and debases the currencies and I believe that the alternative would be a competition. That means that anything that wants to substitute for the American dollar should be permitted. There should...

Full article: https://bitcointalk.org/index.php?topic=586579.0

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