Bitcoins
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Inflation hits Bitcoin with "miners" having to work twice as hard to be rewarded with the same number of coins. Or is that deflation?
Confirmation of the Labour Theory of Value? "In the early days of bitcoins, many people used desktop computers to do the hard sums. Then they started to use banks of graphics cards that could do the maths very quickly to speed up the rate at which blocks of work were completed."
It looks as if the anarcho-capitalist idea of a non-state-backed money has come unstuck:http://uk.reuters.com/article/2014/02/26/us-mtgox-website-idUKBREA1O07920140226So, they can't do with the State after all. How else are they going to prevent thefts?.
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