On 02/25/2014 08:58 PM, Jed Rothwell wrote:
As Krugman says, "To be successful, money must be both a medium of
exchange and a reasonably stable store of value." BitCoins fail #2
because the value fluctuates and also, apparently, because they are
not secure against theft.
- Jed
The only thing that bugs me about your statement is that you think
bitcoins are not secure against theft. They are, in fact, as secure as
you make them. It's not a Bitcoin flaw. It's even possible to put
bitcoins on the block chain which require 5 of 9 signatures to access,
or something like that. I'm sure that MtGox didn't do this.
Craig
