When are they going to stop using fixed dollar amounts in laws as if they didn’t know in a decade $200 will be worth way less than it is now? Kind of a slap in the face.
> People complaining that bitcoin is just for crime are just slandering it.
This one really gets my goat. There are so many ridiculous laws. It’s illegal to consume alcohol in Saudi Arabia. It’s illegal in Russia to use profanity in theaters, and in Thailand it’s illegal not to play a salute to the king before every film. Besides geographical differences in current times, the differences throughout history are more striking.
>For example, all present-day populations show about two percent of Neanderthal ancestry which means that Neanderthal mixing with the ancestors of modern humans occurred soon after they left Africa, probably around 50,000 to 55,000 years ago somewhere in the Middle East.
I thought subsaharans lacked Neanderthal admixture?
It will and is. Every time the US attempts to control what can be purchased with dollars, it advances the process of turning the USD into a kind of Chuck E. Cheese token.
It should also deflate as the economy grows. Wrt the problems of deflation, it may or may not cause some, but it doesn't really matter because people who don't want to participate in Bitcoin don't have to. They can still choose to use inflationary stores of value.
Please provide a definition of harm that excludes the violation of property rights. We need not consider the difference between private property rights and property rights because these things are one and the same.
If you can come up with a logically consistent definition under which the creation of public property does not itself cause harm - I will be surprised.
I don't understand how you can compare violation of property rights (breaking windows) to a completely voluntary system such as Bitcoin, the private production and use of which violates no property rights.
Saying Bitcoin is like one thing does not preclude it from being like other things. Never the less, it's not necessarily useless just because it doesn't have the use some people mistakenly thought it had.