Hi Stefan, I was wondering if you have an opinion you'd like to share regarding Bitcoin. Or if you've already commented on it somewhere, could someone post a link?
You've given me a lot of insight regarding economics, money and banking, and bitcoin seems to be right in line with a free-market approach to currency. Though I am not myself a computer programmer or an expert on software, I can see that the approaches taken in protecting bitcoin from various forms of fraud and theft are very creative. That said, there are problems (i.e. if your computer catches fire, your bitcoins are lost), but I think that these various hurdles can be overcome as something like bitcoin comes out of its infancy. In a free world, I imagine currency as something like bitcoin - except there would be competition, and lots of it!
In this time of dollar devaluation and gold/silver mania, I am very intrigued by bitcoin.
Thanks,
Nick