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Bitcoin

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JimH:
What do you think?  We're thinking we might accept Bitcoin payments for MC.

Matt:
http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/

jmone:
Unless there is a compelling reason for anonymity to buy MC, everyone will just lose some value with the exchange from Local Currency --> BitCoin --> USD.... apart from that it is kinda cool.

Matt:
Bitcoin is sort of a virtual gold standard, so it brings out the gold bugs.

For example, while reading news tonight, I saw this Forbes article, written today.  The author says:

--- Quote ---I am a fan of virtual currencies in the longer-run as a means of hedging against incessant debasement of fiat or “paper” currencies
--- End quote ---

When I look at the last 25-years, I see reasonably stable, predictable inflation (ie. a working currency) and not incessant debasement:


So what problem is Bitcoin solving?

KingSparta:
never heard of it.

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