On Fri, Jan 24, 2014 at 4:43 PM, Jiří Baum <j...@baum.com.au> wrote:
> > > :-) > > Third option — they are a pyramid scheme... > Isn't any money mostly a pyramid scheme? Government prints money when they need it... the rich exploit the the poor (using money (and power that comes with money)) to get richer... > It is very hard to come up with any explanation for the deflationary > monetary policy encoded into the software by Satoshi Nakamoto, other > than enriching the originator and early adopters. The "mining" analogy > is just that — an analogy. > really? i guess it might be enriching Satoshi, if someone knew who he was or if he actually exists :) i guess the early adopters do have the headstart, but which industry is that not true for? > In this explanation, the "currency" moniker would be a ruse, partly to > disguise the true nature, partly as part of its marketing message, > designed to appeal to a particular demographic. > isn't a currency simply something we mutually agree to give a value to? the currency during times of barter was things? money as we know it only has value because others give it value... else, it's pretty useless paper/plastic... i think it's absolutely accurate to call it currency as many are accepting it as such, so it's a currency by definition. s :) > > > Jiri > -- > Jiří Baum <j...@baum.com.au> > Sabik Software Solutions Pty Ltd > 0413 183 117 > http://www.baum.com.au/sabik > > -- > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > Forum rules > 1) No lurkers! It is expected that you introduce yourself. > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > To post to this group, send email to > silicon-beach-australia@googlegroups.com > To unsubscribe from this group, send email to > silicon-beach-australia+unsubscr...@googlegroups.com > For more options, visit this group at > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > > --- > You received this message because you are subscribed to the Google Groups > "Silicon Beach Australia" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to silicon-beach-australia+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/groups/opt_out. > -- Simran Gambhir Program Manager (Sydney), Hacker-in-Residence ANZ Innovyz START Phone: +61 422 543 742 Email: sim...@innovyzstart.com Internet: www.innovyzstart.com LinkedIn: http://linkedin.com/in/simrang -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
