You people are intellectually irresponsible and dilute the value of these forums. Why don’t you try reading a little more and writing a little less? Perhaps the point of the corpus of Austrian economics is that nobody can divine the “right outcome” of the market and this is precisely why entrepreneurs are needed to venture out into the market and take risks bringing new goods and services to consumers. Those who guess incorrectly go bankrupt and those who guess correctly earn profits, leaving consumers with a market filled with valuable goods and services from which to choose. This is no less true of money. You cannot know that BitCoin is the money of the future so such claims are absurd. You even appeal to Misesean theory in an attempt to shoot down my observations on why BitCoin is not and cannot be money (it has no commodity value) yet you turn around and spit out Misesean theory whenever it doesn’t suit your preconceived agenda.
I’m starting to wonder if these boards are being flooded by shills.
Clayton -