Response to Dmytri Kleiner on the origin of money: Response to Dmytri Kleiner on the origin of money #bitcoin

Response to Dmytri Kleiner on the origin of money - Blog - Genesis Block - The BitInstant Blog

Response to Dmytri Kleiner on the origin of money: Response to Dmytri Kleiner on the origin of money #bitcoin

I came across an interesting article today, published originally on Oct. 30th , from a gentleman named Dmytri Kleiner. The piece is called “Bitcoin and The Public Function of Money ,” and the conclusion is that Bitcoin clearly does not “have the potential to replace Government fiat money.” My interest was piqued, Bitcoin cannot replace fiat!? Oh noes! Well then what the hell are we all wasting our time doing? I read through in earnest to uncover the revelations. Unfortunately, no revelations were uncovered. In fact, the content was so misguided that I felt compelled to publicly address it. However, I want to ensure I don’t mischaracterize Dmytri’s arguments. I believe what he is saying is this: money has two sides or two purposes, one being to facilitate market exchanges, and the other to enable “tribute” or “taxation” by the State. A good money, he argues, should satisfy ...

Full article: http://blog.bitinstant.com/blog/2012/11/9/response-to-dmy...

Tweets

@avilarenata » 17 Nov '12, 6am
RT @ernestvidalc: Interesting debate about Bitcoin: 1) Kleiner [link] 2) Voorhees [link] 3) Kleiner [link]
@ernestvidaledit » 15 Nov '12, 2pm
Interesante debate acerca de Bitcoin: 1) Kleiner [link] 2) Voorhees [link] 3) Kleiner [link]
@kevskewl » 10 Nov '12, 8pm
Response to Dmytri Kleiner on the origin of money [link] Bitcoin makes bad tribute money #BITCOIN #HARD2TAX
@kevskewl » 10 Nov '12, 8pm
@lisa_alba Response to Dmytri Kleiner on the origin of money [link] BITCOIN #HARD2TAX
@keepyourassets » 10 Nov '12, 3pm
RT @rogerkver: Another example of why @ErikVoorhees is my favorite member of the Bitcoin community: [link] #money #tax #politics #gold
@rogerkver » 10 Nov '12, 2pm
Another example of why @ErikVoorhees is my favorite member of the Bitcoin community: [link] #money #tax #politics #gold
@6loss » 10 Nov '12, 9am
MT @jonmatonis Why are we wasting our time on #bitcoin? @ErikVoorhees on Origin of Money [link] < interesting debate continues
@davidwolman » 10 Nov '12, 9am
RT @jonmatonis: Why the hell are we all wasting our time on #bitcoin? @ErikVoorhees schools Dmytri on the Origin of Money [link]
@jonmatonis » 10 Nov '12, 9am
Why the hell are we all wasting our time on #bitcoin? @ErikVoorhees schools Dmytri on the Origin of Money [link]
@QIMP3G » 10 Nov '12, 9am
RT @BitcoinOz: Response to Dmytri Kleiner on the origin of money: Response to Dmytri Kleiner on the origin of money [link] #bitcoin
@darrenhopkinson » 10 Nov '12, 8am
[link] - origin of money - well said, Erik. #bitcoin
@BitCoinReporter » 10 Nov '12, 3am
Erik Voorhees response to Dmytri Kleiner on the origin of money [link] #bitcoin
@1788_ » 10 Nov '12, 12pm
RT @BitcoinOz: Response to Dmytri Kleiner on the origin of money: Response to Dmytri Kleiner on the origin of money [link] #bitcoin
@BitcoinOz » 10 Nov '12, 5am
Response to Dmytri Kleiner on the origin of money: Response to Dmytri Kleiner on the origin of money [link] #bitcoin