> As of December 2013, the Consumer Price Index (CPI) shows 1.3% inflation, while a recent media report indicated Bitcoin CPI has 98% deflation. In other words, spending Bitcoin now will cost you many orders of wealth in the future. This flaw makes Bitcoin’s value to the U.S. economy suspect, if not outright detrimental.
He's "weary" of the use of bitcoin? If an elected congressperson is going for a publicity stunt, they should at least have someone proof their letters before looking like a doofus...
Yeah, should be "leery", as in "The clear ends of FRNs for either transacting in illegal goods and services or speculative gambling make me leery of its use."
http://www.manchin.senate.gov/public/index.cfm/press-release...