Bitcoin and everything associated with it. The home of cryptomaniacs and their adversaries.
Tomorrow the philatelists will announce their currency.
A medium-value stamp of 10,000 pieces, mintyear's edition.
It'll be the same shit as the bitcoins. It wouldn't even be a problem to set up an exchange.
And then they will say that their currency is the most independent and the most honest, and that the most financially advanced people on Earth, the philatelists, are still engaged in it.
do not cling to the quality of the analogy, it is of course not 100%, but its essence is clear.
as long as n-o number of people with a certain amount of money (real money, yyy) believe in the surrogate, it will have a corresponding price
and the price will always reflect only the BELIEF and not the reallactivation of any real money.
This is outrageous, but Bitcoin can already be traded on Metatrader.
The link is available from the topicstarter and his accomplice, also a computer bandit, Sanko
Number one -- philatelists as guarantors? Immediately no, but let's move on.
How many stamps? enough to make say a transaction per second? and a hundred? enough to ensure that small deposits can be kept.
Who will set the cost? Who will do the issuing? If there is a guarantor, how is it better than the national central bank? Even our NBRB?
How do I transfer them to you, for example? Like a postman?
Bitcoins on MT4 soon. News here. And they're promising a whole hell of a lot -- a fix, MT5, and card-carrying charms. But the commission is not so exciting. But they are promising too.
The official branch on official forum -- https://bitcointalk.org/index.php?topic=287064.0
Number one -- philatelists as guarantors? Immediately no, but let's move on.
How many stamps? enough to make say a transaction per second? and a hundred? enough to ensure that small deposits can be kept.
Who will set the cost? Who will do the issuing? If there is a guarantor, how is it better than the national central bank? Even if it is our NBRB?
How do I get them to you, for example? Like a postman?
You are clinging to an incomplete analogy.
Not to mention the "guarantor" of bitcoins.
The value of bitcoins is equal to the value of the holders' faith in the value of the bitcoins. That's it.
Andrew, the main function of a currency (any currency) is in the local sense to transfer utility, in the global sense to regulate the economy (ideally, to regulate it in a way that leads to constant growth).
What regulates an unregulated currency?
Everyone criticizes the dollar saying that it is not backed by anything, the dollar is first of all backed by the scientific potential, and then by the most sophisticated army.
What is a bitcoin backed by?
If tomorrow, specific people from the merchant decide that bitcoin threatens their government, it will be shut down in no time, just like they shut down WM in Ukraine, one or two or three times (thank God that WM have understood this and started wagging the tail, so ordinary people have not lost money).
Oh, here's a question for you -- how can you use your Philat to pre-order a meal in a restaurant a couple of hours before your projected arrival? Let's say, there is a site where you can make a pre-order, you need a sensible scheme of money flow without the possibility to be cheated and stay with a nose in case of force majeure.
You are clinging to the secondary and tertiary signs of currency, but they won't make a bitcoin a currency on that basis alone.
There is only one way to make the bit a money, officially adopt it as the domestic currency of the balance sheet. But nobody is going to do it in the foreseeable future.
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By the way, btc-e and MT5 are planning too, so it's not even nearly flood.
http://bitcoinwisdom.com/markets/mtgox/btcusd
http://bitcoinwisdom.com/markets/bitstamp/btcusd
http://bitcoinwisdom.com/markets/btce/btcusd
http://bitcoinwisdom.com/markets/btcchina/btccny
http://bitcoin.clarkmoody.com/
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