Re: Bitcoin does NOT violate Mises' Regression Theorem

Participants: MoonShadow
Quote from: satoshi on August 27, 2010, 5:32:07 PM

As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:

  • boring grey in colour
  • not a good conductor of electricity
  • not particularly strong, but not ductile or easily malleable either
  • not useful for any practical or ornamental purpose

and one special, magical property:

  • can be transported over a communications channel

If you redact “over a communications channel” you end up with depleted uranium, and the US military has been “transporting” that stuff all over the middle east for two decades now. Talk about your long distance communications, the Barret 50 caliber can really “reach out and touch someone”! Cheesy