Where Bitcoin boosters are getting it wrong

Where Bitcoin boosters are getting it wrong | Cutting Edge - CNET News

news.cnet.com 23 Jan '14, 12pm

Where Bitcoin boosters are getting it wrong

It would use an existing currency. As the total number of Bitcoins issued reaches its alleged limit, the Bitcoin miners will depend on transaction fees that are expected to be small. The ease of entry and exit into mining will push the level of transaction fees to a competitive level, thus leading to a low-cost payment network. There is no reason why a similar network cannot be built right away that uses an existing currency like the US dollar. The Fed would create (mint) bitdollars that would be exchangeable for regular US dollars. The miners would be paid via transaction costs. This would eliminate all of the problems with the instability of Bitcoins and the monetary policy trap of having a fixed money supply with no possibility of alterations. The digital gold bugs won't like this, but it would work a lot better than a digital gold standard. It would provide seignorage ...

Full article: http://news.cnet.com/8301-11386_3-57617636-76/where-bitco...

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@sethtalbott » 21 Feb '14, 7pm
James Angel - Where Bitcoin boosters are getting it wrong | CNET News | [link] #bitcoin #fraud
@Fairlite » 27 Jan '14, 4pm
RT @gstorry: The success & limits of #Bitcoin [link]
@yawetse » 27 Jan '14, 6am
Where Bitcoin boosters are getting it wrong [link] via @instapaper
@GovLab » 26 Jan '14, 11pm
RT @tdoveyfishman: Where Bitcoin boosters are getting it wrong [link] via @CNET
@dunstewart » 26 Jan '14, 3pm
Much more thoughtful take on #BTC than the usual stuff. MT Where Bitcoin boosters are getting it wrong [link]
@AllThingsBTC » 25 Jan '14, 10pm
RT @BitcoinJoker: Where #Bitcoin boosters are getting it wrong CNET: [link] #btc
@pgrous » 25 Jan '14, 7pm
Good rebuttal by @GuFinProf to @pmarca's NYT Bitcoin article - [link]
@GreenVisorCap » 24 Jan '14, 10pm
#Bitcoin observers the debate continues. [link]
@sanstrella » 24 Jan '14, 5pm
RT @The_BitCoiner: CNET - Will bitcoin soon be surpassed by even better advances? [link] by @GuFinProf
@SteveKnudson » 24 Jan '14, 4pm
@CNET Where #Bitcoin boosters are getting it wrong - [link] #BTC #crypto #LiteCoin #FastCoin #Ripple
@ViliLe » 24 Jan '14, 11am
Bitcoin: "No reason why a similar network can't be built now that uses an existing currency like US dollar" [link]
@hlncc_news » 24 Jan '14, 10am
Where Bitcoin boosters are getting it wrong #bitcoin #security #bitnet [link]
@jvdvlugt » 24 Jan '14, 8am
Sobering thoughts: Where Bitcoin boosters are getting it wrong [link]
@MikeNelson » 24 Jan '14, 8am
Where #Bitcoin boosters are getting it wrong [link] via @CNET (and why Bitcoin 2.0 will be better) Nice piece, Jim
@VRHax » 24 Jan '14, 6am
Any1 remember #BitNet? CNet: Where #Bitcoin boosters are getting it wrong [link]
@DrumsofDharma » 24 Jan '14, 2am
'Where Bitcoin boosters are getting it wrong' [link] | All the pundits are frothing up plenty of diarrhea about #Bitcoin.
@spencernoon » 24 Jan '14, 2am
This is what a good dissenting opinion looks like: [link] [James J. Angel, Georgetown]
@lcammarosa » 24 Jan '14, 1am
RT @Smaulgld: Where Bitcoin boosters are getting it wrong [link] via @CNET
@alt_bit_coins » 24 Jan '14, 1am
RT @coindesk: CNET - Will bitcoin soon be surpassed by even better advances? [link] by @GuFinProf
@marccwr » 23 Jan '14, 11pm
RT @TechFringeNews: Where Bitcoin boosters are getting it wrong [link] @GuFinProf What about @Ripple or @dwolla?
@ajuaju123 » 23 Jan '14, 11pm
[link] Where Bitcoin boosters are getting it wrong - [link] #GoogleAlerts
@DigitalCoinRush » 23 Jan '14, 9pm
Where Bitcoin boosters are getting it wrong | Cutting Edge - CNET News [link] [link]
@Coin_du_Bitcoin » 23 Jan '14, 9pm
Une critique du Bitcoin (en anglais) par un opposant. Toujours bon à lire même si son analyse est très erronée (IMHO) [link]
@moneyman10k » 23 Jan '14, 8pm
a skeptical take on bitcoins from someone well-informed about the past. unknown whether he knows the future RT @CNET [link]
@gdemet » 23 Jan '14, 8pm
"Bitcoin [is] a technical advance that will soon be surpassed by even better advances." [link]
@JamesHSchwartz » 23 Jan '14, 6pm
Where #Bitcoin boosters are getting it wrong [link] ...hmm what do you think?
@tomseankelleher » 23 Jan '14, 5pm
James Angel predicts #bitcoin demise [link] via @CNET describes #ripple #xnf
@CodyShirk » 23 Jan '14, 3pm
#bitcoin is weak b/c it's not regulated?! I guess people want to be regulated and herded like sheep. [link] via @CNET
@TheBit_Man » 23 Jan '14, 2pm
'Where #Bitcoin boosters are getting it wrong.' LINK: [link]
@stevenhager420 » 23 Jan '14, 2pm
More Bitcoin disinfo? Target got hacked, not bitcoin.... [link] via @CNET
@MikeSweeneyBit » 23 Jan '14, 1pm
RT @nathanmitre: Interesting view -> Where #Bitcoin boosters are getting it wrong [link] via @CNET
@computerfix3 » 23 Jan '14, 1pm
Where Bitcoin boosters are getting it wrong - CNET: Where Bitcoin boosters are getting it wrongCNETHe likened ... [link]
@hashrates » 23 Jan '14, 1pm
In a recent New York Times Dealbook post, venture capitalist Marc Andreessen argued that #bitcoin is here to stay... [link]
@GigaBitcoin » 23 Jan '14, 1pm
Where Bitcoin boosters are getting it wrong - CNET [link] via @GoogleNews
@stshank » 23 Jan '14, 1pm
In which Georgetown University’s @GuFinProf pokes some holes in bitcoin boosterism: [link]
@BitcoinNews247 » 23 Jan '14, 1pm
Where Bitcoin boosters are getting it wrong [link] #bitcoin #news
@BitcoinGoGo » 23 Jan '14, 1pm
RT @BitCoinReporter: Where Bitcoin boosters are getting it wrong - CNET [link] #bitcoin
@currencye » 23 Jan '14, 1pm
Where Bitcoin boosters are getting it wrong - CNET [link] #Forex #Trading
@judith_m_privat » 23 Jan '14, 1pm
Where Bitcoin boosters are getting it wrong - CNET: Business InsiderWhere Bitcoin boosters are g... [link] #bitcoin #btc
@News_Bitcoin » 23 Jan '14, 1pm
Where Bitcoin boosters are getting it wrong: In a recent New York Times Dealbook post, venture capita... [link] #bitcoin
@ssalaka » 23 Jan '14, 12pm
Where Bitcoin boosters are getting it wrong [link] #Bitcoins
@dametzger » 23 Jan '14, 12pm
@NCWeaver Decent, BALANCED article on Bitcoin. [link]
@MostlyBitcoin » 23 Jan '14, 12pm
CNet: Where #Bitcoin boosters are getting it wrong [link] Discuss: [link]
@CasualGamersOrg » 23 Jan '14, 12pm
RT @CNET: Where Bitcoin boosters are getting it wrong [link]
@CryptoCompass » 23 Jan '14, 12pm
Where Bitcoin boosters are getting it wrong [link] via @CNET #bitcoin
@CNET » 23 Jan '14, 12pm
Where Bitcoin boosters are getting it wrong [link]
@Pablo_Ved » 23 Jan '14, 12pm
RT @CNET: Where Bitcoin boosters are getting it wrong [link]
@nayanikap » 23 Jan '14, 12pm
RT @CNET: Where Bitcoin boosters are getting it wrong [link]
@TechFeedLive » 23 Jan '14, 12pm
RT @CNET: Where Bitcoin boosters are getting it wrong [link]
@agnewfarms » 23 Jan '14, 12pm
RT @CNET: Where Bitcoin boosters are getting it wrong [link]