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A comment on Warren Buffett: Stay Away From Bitcoin. It's A Mirage. Parent comment

Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by dllthomas on Friday March 14, 2014 @12:44PM (#7400046)
The incentive of a monopoly is to underproduce.
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Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by atom-morgan on Friday March 14, 2014 @01:32PM (#7400409)
The Fed and a government that likes to spend has proved otherwise.
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Re:Warren Buffett: Stay Away From Bitcoin. It's A Mirage by dllthomas on Friday March 14, 2014 @01:59PM (#7400614)
Not at all. If production of dollars was competitive, they would be priced near the cost of production. I'm not saying there are no valid critiques of USD and our monetary system. I'm saying that it is not bad for the reasons monopoly is usually bad.
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