Julian Assange on Bitcoins and Gold

EPJ13

“Bitcoin actually has the balance and incentives right, and that is why it is starting to take off. No central nodes. It is all point to point. One does not need to trust any central mint. If we look at traditional currencies such as gold, we can see that they have sort of interesting properties that make them valuable as a medium of exchange.  Of all metals it is the easiest to chop up into fine segments. You can test relatively easily whether it is true or whether it is fake. You can take chopped up segments and you can put them back together by melting the gold. You can take it and put it in the ground and it is not going to decay like apples or steaks.”

http://www.economicpolicyjournal.com/2013/04/julian-assange-on-bitcoins-and-gold.html

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