| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
UnconventionalFIN: The Great GOLD vs BITCOIN Debate: Casey vs Matonis
[video]
Prepare for the next great transfer of wealth. Buy physical silver and storable food.
Subscribe to the GoldMoney newsletter at http://www.goldmoney.com/goldresearch. Episode 121: Doug Casey of Casey Research (www.caseyresearch.com/) debates e-money researcher (themonetaryfuture.blogspot.co.uk/) and “crypto economist” Jon Matonis on the virtues — or otherwise — of Bitcoin, and how it compares to gold as a form of money.
Casey, a Bitcoin sceptic, notes that Bitcoin satisfies Aristotle’s definition of what constitutes “good” money in all but one important aspect: that it doesn’t have value in any kind of non-monetary sense, unrelated to its use as a medium of exchange. This is in contrast to precious metals, which have unique chemical properties and uses in an industrial context.
Matonis argues that this is unimportant set against Bitcoin’s strengths: notably the ease of transacting in them and its decentralised nature, meaning that there is no central point of attack for its enemies (whoever they may be). He also points out that — unlike gold — physical confiscation of Bitcoin, a la FDR in 1933, is for obvious reasons impossible.
This podcast was posted with permission from http://www.GoldMoney.com
SUBSCRIBE (It’s FREE!) for more!: http://bit.ly/Unconventional_Finance
Like us on Facebook: https://www.facebook.com/FinanceAndLiberty
Follow us on Twitter: https://twitter.com/Finance_Liberty
2013-04-28 19:16:55
Source: http://silveristhenew.com/2013/04/28/the-great-gold-vs-bitcoin-debate-casey-vs-matonis-4/
Source:
