“As fanciful – and indeed Matrix-like – as this bitcoin creation system
sounds, perhaps it requires no more suspended disbelief than the
traditional fiat system in which a government declares paper to have
value and a central bank or national mint thus issues the specie. One
doesn’t need to be the caricatured miscreant, Austrian economist or
anarchist to appreciate the appeal of such a system.”
-John Normand, head of global foreign exchange strategy at J.P. Morgan
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