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1. Joshua Judson Rosen (rozzin)'s status on Saturday, 23-Nov-2013 09:11:39 EST Joshua Judson Rosen
   The most interesting thing about #bitcoin is how conversations about it reveal how confused people are about things like basic #economics.
   • lnxw37 (lnxwalt on quitter) likes this.
   • 1g0r (1g0r)'s status on Saturday, 23-Nov-2013 09:19:15 EST 1g0r

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     • Joshua Judson Rosen
     That's because the so-called economic science spread the confusion... :)
   • Joshua Judson Rosen (rozzin)'s status on Saturday, 23-Nov-2013 13:25:20 EST Joshua Judson Rosen
     Someone on #radio recently criticised #bitcoin as `hard to obtain' because, of the many people who had them, few wanted to sell to her.
   • daw (daw)'s status on Saturday, 23-Nov-2013 14:03:16 EST daw

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     • Joshua Judson Rosen
     @rozzin I'm sure they would sell at the right price
   • Joshua Judson Rosen (rozzin)'s status on Saturday, 23-Nov-2013 14:12:33 EST Joshua Judson Rosen
     "Lots of people have cars, but when I approached them nobody wanted to sell theirs to me!" sounds crazy, right? But "... #bitcoin!" doesn't.
   • Joshua Judson Rosen (rozzin)'s status on Saturday, 23-Nov-2013 14:35:06 EST Joshua Judson Rosen

     • daw
     #bitcoin #economics comprehension #FAIL #0: "How can things have value without fiat pricing!?". Like people have never bought... *anything*?
   • Joshua Judson Rosen (rozzin)'s status on Saturday, 23-Nov-2013 14:50:41 EST Joshua Judson Rosen

     • daw
     I suspect that calling #bitcoin a "currency" is part of what messes with people's ability to reason about it.
   • Gecko Fawkes (GeckoFawkes)'s status on Saturday, 23-Nov-2013 14:55:38 EST Gecko Fawkes

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     • Joshua Judson Rosen
     @nymnotinservice It is an unfortunate reality of having to use a close analog that everyone does understand in order to spread awareness. =\
   • daw (daw)'s status on Sunday, 24-Nov-2013 07:23:48 EST daw

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     • Joshua Judson Rosen
     @rozzin hmm, I suspect people being idiots is what messes with people's ability to reason about it.
   • lnxw37 (lnxwalt on quitter) (lnxw37)'s status on Sunday, 24-Nov-2013 08:39:58 EST lnxw37 (lnxwalt on quitter)

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     • Joshua Judson Rosen
     • daw
     @rozzin @douglasawh In the sense that it gets used as a medium of exchange, #bitcoin is a currency.