02 Oct '12, 8pm

Austrians Slammed for their Criticism of #Bitcoin

Stumbled upon this post in a Bitcoin article in howtovanish.com : The attitude of the Austrians is very odd behaviour indeed, and as Bitcoin grows, the excuses they don’t give will make it harder for them to explain why they did not get start accepting it sooner. Will they say that Bitcoin was not big enough to justify accepting it? And when they do end up accepting it, will they claim that they did not think that it was money, but now they do? Will they say that they were waiting for other people to accept it before they did, relegating them to the level of a herd of followers of the ignorant masses? What possible excuse can they have for rejecting Bitcoin? One thing is for certain, in the end, they will be using and accepting Bitcoin and they will have nothing to fall back on as an excuse for not doing so sooner rather than later. This is important, because they are aski...

Full article: http://mises.org/Community/forums/t/31596.aspx

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