yaaaa "austrian economics" = just "economics" 😆

but ya, it needs to be labeled that way to get the point across... eventually the keynesians will go away and we won't need the label haha

sooo archaic.. gold just can't possibly be a good currency anymore

if it would have to be gold, then that sucks, because gold is awful lol. (and I bet if gold was a better currency, central banks couldn't have done what they've done for so long.. the fact that gold is so dysfunctional as a p2p currency is I think part of why people tolerated central banking.. they couldn't go around it)

I can get being skeptical of Bitcoin or not being sure it will work, but "bitcoin has no chance, has to be gold" is just... not realistic lol

> I honestly don't care for the other guy much, he's a Bitcoin maximalist and claims to be an Austrian School guy. .. You can't be an Austrian and deny competition for the best money, taking a maximalist position is antithetical to competition.

I'm kind of a maximalist in that way 😐😐 hope we can still be friends 😐😐 lol

I can tell you what I think.. can't speak for him necessarily...

competition is definitely good, but basically the idea is that there isn't a meaningful improvement on Bitcoin.

like if you forget the logo and the name and stuff, what it is is the mathematical protocol (that enables sending bits of information without 3rd party oversight, etc). 

so then, if someone issued another version of the same thing, there's no reason for the people and the infrastructure to switch over to the new one.

I think it's possible that there could be some new paradigm that no one knows right now that's better than Bitcoin, but based on what's known now, I don't know what protocol anyone could issue that's better..  like if you tweaked it to use 50 million coins instead of 21 million, or whatever whatever, those things seem so superficial that they'd never cause the network effect to budge.

Idk. I know that probably isn't persuasive, but that's the general idea.. that once this protocol is discovered and gets some momentum, it seems hard to budge people to a different network

and then obv there's all the different altcoins.. I like using them.. but they always have tradeoffs, like STEEM is fast and can do social media, but it isn't secure and decentralized enough to be the future backbone of global transactions.. so I see them as essentially different things that serve their own purposes