bitcoin as a global medium of exchange (was Re: Interesting take on Sanjuro's Assassination Market)

[Juan Garofalo]

--On Tuesday, November 26, 2013 8:06 PM -0500 Ted Smith <tedks at riseup.net>
wrote:

> On Wed, 2013-11-27 at 01:36 +0100, Lodewijk andré de la porte wrote:
>> On Nov 27, 2013 1:25 AM, "Ted Smith" <tedks at riseup.net> wrote:
>> > 
>> > On Tue, 2013-11-26 at 11:07 -0800, Bill Stewart wrote:
>> > > At 05:43 PM 11/25/2013, David Vorick wrote:
>> > 
>> > Absolutely. It's utterly absurd to claim that Satoshi got moderately
>> > wealthy (not hyperrich yet by any means) by "doing nothing." There
>> are
>> > insights in Bitcoin enough to fuel dozens of PhDs worth of research,
>> in
>> > wider areas than 
>> 
>> Says more about PhD's than Satoshi. The money he'll earn with Bitcoin
>> has no direct relationship to his investment. It is unlikely that,
>> through coincidence, his reward is set nearly right. Regardless of
>> your idea of right.
>> 
>> Lack of knowledge is the fail of all markets.
> 
> I'm not sure how you're evaluating his "investment," which was solving a
> number of previously-thought-unsolvable problems in applied cryptography


	Such as? 




> in a way that became wildly popular, widely used, and enabled a large
> amount of very influential services. 
> 
> Contributing to the world in such a manner rarely results in such
> wealth, but I don't see why it shouldn't. 
> 
> 
> -- 
> Sent from Ubuntu
>