[148819] in cryptography@c2.net mail archive
Re: [Cryptography] On Security Architecture, The Panopticon,
daemon@ATHENA.MIT.EDU (=?UTF-8?Q?Lodewijk_andr=C3=A9_de_l)
Sat Dec 28 20:21:07 2013
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In-Reply-To: <21182.24688.867806.397826@desk.crynwr.com>
From: =?UTF-8?Q?Lodewijk_andr=C3=A9_de_la_porte?= <l@odewijk.nl>
Date: Sun, 29 Dec 2013 02:00:45 +0100
To: Russ Nelson <nelson@crynwr.com>
Cc: Cryptography Mailing List <cryptography@metzdowd.com>
Errors-To: cryptography-bounces+crypto.discuss=bloom-picayune.mit.edu@metzdowd.com
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2013/12/28 Russ Nelson <nelson@crynwr.com>
> Bitcoins are becoming more valuable because you can buy more
> things with them, and because as people trade, the value of bitcoins
> increases.
>
It's important to distinguish between face value and actual value. Their
actual value increases, but the amount people pay for them is related but
not the same as that. The closer they are the more realistic the general
public* is. Would you say the general public* has a good idea of reality?
*adjusted for buying power!
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<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">2013=
/12/28 Russ Nelson <span dir=3D"ltr"><<a href=3D"mailto:nelson@crynwr.co=
m" target=3D"_blank">nelson@crynwr.com</a>></span><br><blockquote class=
=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd=
ing-left:1ex">
<div id=3D":311" style=3D"overflow:hidden">Bitcoins are becoming more valua=
ble because you can buy more<br>
things with them, and because as people trade, the value of bitcoins<br>
increases.</div></blockquote></div><br>It's important to distinguish be=
tween face value and actual value. Their actual value increases, but the am=
ount people pay for them is related but not the same as that. The closer th=
ey are the more realistic the general public* is. Would you say the general=
public* has a good idea of reality?</div>
<div class=3D"gmail_extra"><br></div><div class=3D"gmail_extra">*adjusted f=
or buying power!</div></div>
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