Friday, March 28, 2014
dollar versus bitcoin
Postmodernism is about thinking politically without references. So comparing the currencies of bitcoin (which lacks a reference source) and the dollar (supported by the US) is a contrast of pomo and modern strategy. Bitcoin (recently forced into the reference zone by the IRS which said it is not a currency) is clearly pomo and should not be expected to hold steady. The dollar should. But bitcoin may have the advantage. Why? The US and world must use the dollar a lot...for oil and everything. Its steadiness of value depends on that. Should that slow, expect bitcoin to become more distinctive and popular.