I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
タグ: value, government, trust, money

"Alan Greenspan"の他の名言

Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
タグ: things, weird, sometimes, people
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
タグ: more, know, will, today
Revolutions are something you see only in retrospect.
タグ: something, see, only, you
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
タグ: cannot, problem, free, you
I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.
タグ: new, animal, random, nature
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