Re:Sen. Manchin demands complete US ban on Bitcoin
by josu on Wednesday February 26, 2014 @04:17PM
(#7307910)
Pure gold
> As of December 2013, the Consumer Price Index (CPI) shows 1.3% inflation, while a recent media report indicated Bitcoin CPI has 98% deflation. In other words, spending Bitcoin now will cost you many orders of wealth in the future. This flaw makes Bitcoin’s value to the U.S. economy suspect, if not outright detrimental.
Re:Sen. Manchin demands complete US ban on Bitcoin
by wyager on Wednesday February 26, 2014 @04:27PM
(#7307988)
"If we don't ban deflationary assets, people won't be forced to use our shitty inflationary assets!"
Re:Sen. Manchin demands complete US ban on Bitcoin
by itsboring on Wednesday February 26, 2014 @03:43PM
(#7307593)
He's "weary" of the use of bitcoin? If an elected congressperson is going for a publicity stunt, they should at least have someone proof their letters before looking like a doofus...
http://www.manchin.senate.gov/public/index.cfm/press-release...