Interesting and Humour - page 1046
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And the turnover comparison, I understand, no one wants to post it. Whatever.
Main exchange. Daily trading volume for dollar only - 76881 BTC times 80, you get $6kk.
Transaction volumes can be seen here
I have a bit 0. It's not blocking anything for me.
I just know they will exist. and probably cooler than the LETS/WIR model Time Banks
That they will exist is not in dispute. But that nothing will ever happen to them is a question.
A non-inflationary system is the best place for an investor, you risk nothing and the money grows.
But the real markets need inflation to keep things moving.
Who would like it if you went to a baker: give me two bagels.
And the answer is: I have enough money, I do not want to bake bagels :)
Inflation is necessary so that the Bauers would be concerned about the future, so that no one would feel that he has grabbed God by the beard.
With it, people realise that the only salvation for capital is turnover.
It's like Alice in the Looking Glass, you have to run fast to stay where you are.
Bottom line: if investors flock en masse to Imani, be it bits or whatever, the major players will bust the balls of these Imanis so that they are not so attractive, because the players have an iron boot (be it the army, police and other detective services), while the Imanis only have the trust of customers.
But inflation is what the real markets need to keep things moving.
Come on )))) deflation is only a problem for the money in circulation now. For cryptocurrencies deflation is not a problem at all a priori.
You (like most, ok) have a convoluted notion of what cryptocurrencies are and how the entire financial system might be structured in general.
Main exchange. Daily trading volume for the quid alone - 76,881 BTC
Wow, that's two Ferraris.
shudder and fear the world economy
Come on ))) deflation is only a problem for the money in circulation now. For cryptocurrencies deflation is not a problem at all a priori.
You (like most people, okay) have a closed-minded notion of what cryptocurrencies are and how the entire financial system might be structured.
Come on ))) deflation is only a problem for money that is currently in circulation. For cryptocurrencies deflation is not a problem at all a priori.
You (like most people, okay) have a closed-minded notion of what cryptocurrencies are and how the entire financial system might be structured in general.
My main argument against bitcoins or whatever, is that a man from the Tibetan tax office or wherever these bits are registered, will come and shut it all down for corrupting underage kids buying porn on the internet.
It is clear that this is just a pretext, but the point is that no one will come to close the dollar.
All right. Back to the conversation in another year. The world public is already buzzing.
Your forecast for daily turnover in a year, sir ?
Exchanges or networks?
By the way, another bleep -- http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
My main argument against bitcoins or whatever, is that a man from the Tibetan tax office or wherever the bitcoins are registered will come and shut it all down for corrupting underage girls who buy porn on the internet.