Steve Forbes: Bitcoin Not Money

Posted by Unknown on Wednesday April 17, 2013 @01:30AM from the ron-paul-says-eat-gold dept.

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."

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Re:Fiat Currency by JDAustin · 2013-04-17 05:16 · Score: -1, Troll

And how has this changed in the past 5 years under BHO? We have more debt under BHO then under W; the bankers who caused the problems paid for BHO's election/relection rather then being prosecuted, we had additional wars, and we had a American ambassador murdered along with 3 others at a consulate in Benghazi and BHO blames it on a youtube video (which is a outright lie).
BHO never believed the United States was a great country and his actions have shown it.