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Steve Forbes: Bitcoin Not Money
MouseTheLuckyDog writes "A brief editorial by Steve Forbes, one of our moneymeisters, on why bitcoins are not money.. Hint: For those who are too lazy to read the opinion,. Bitcoins are too volatile to be money."
From the article: "Money is most optimal when it is fixed in value just as commerce is facilitated when we have fixed weights and measures. When you buy a pound of hamburger you expect to get 16 ounces of meat. An hour has 60 minutes. A mile has 5280 feet. These measurements don’t 'float.' So too money best lubricates commerce when it has a fixed value."
It was that way, when it was still linked to the gold standard. It isn't anymore.
... the bankers who caused the problems paid for BHO's election/relection rather then being prosecuted...
The "banker" (financial institution) money went very heavily for Romney, not Obama, 3-1 in Romney's favor in fact. Obama did not prosecute the numerous (extremely rich) malefactors in the Bush Crash it is true, but their attitude is always: "Well, what are you going to do for me now?!".
Starships were meant to fly, Hands up and touch the sky - Nicky Minaj