16 Aug '12, 7pm

Bitcoin befuddles U.S. customs agents, thwarting Seattle visit by digital currency guru [Best of GeekWire]

All this stuff about inflation/deflation is meaningless because any assertions about whether one or the other is good or bad only have meaning if there is only a single currency in the economy. Studies in network theory show clearly that systems are more stable and robust when there are multiple flow routes and network connections as opposed to just one. See Mark buchanans “small worlds and the groundbreaking theory of networks” for hard-core complexity theory that smashes any shit that ignorant economists are dreaming up. Bitcoin has risen because of natural emergence. People sense a need for it because there is a currency monopoly problem which creates a system of a single currency, which is known by fact of the observations of large numbers of complex systems to be bad. Fact that it has risen is evidence of its value. Breaking the monopoly means breaking the dastardly m...

Full article: http://www.geekwire.com/2011/bitcoin-befuddles-customs-ag...

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