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I'm not saying Bitcoin doesn't have its uses, but most techies working on monetary solutions seem to think that the ideal currency is a global, frictionless unit in which transactions are quickly settled, perhaps between anonymous users.

However this comes from limited understanding of money as a commodity, and drawing analogies from the bastardised form of money we use today.

by Terence on Mon Jan 7th, 2013 at 08:06:55 AM EST
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