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0 pointsballofrubber5y ago0 comments

I think from a scientific view, allowing and observing the experiment bitcoin is extremely interesting. Nothing like it has challenged economic thinking in the last decades.

It is very productive for a large population of the world.[0]

Not everyone gets paid in a stable currency or has easy access to it.

[0] https://www.youtube.com/watch?v=xLYYh4aPXAM

0 comments

arrosenberg5y ago

How it is challenging economic thinking? There is a near-zero chance cryptocurrencies replace an actual currency as the global reserve, so it's going to continue to be a novelty until people move on to something shinier.

> Not everyone gets paid in a stable currency or has easy access to it.

Bitcoin doesn't appear to solve this issue at all. How is private manipulation of Bitcoin any different than an authoritarian manipulating the local currency? If I was in a country with unstable currency, I'd want Euro or US Dollars, not bitcoin.

ballofrubberOP5y ago

I think that the chairmen of the fed and ecb arguing about bitcoin is a strong signal of a challenge.

As I and the video mentioned Euro and USD is not easily accessible in those countries, Bitcoin doesn't need permission though.

What you refer to as private manipulation is called supply and demand, maybe try reading Econo101 :)

arrosenberg5y ago

> What you refer to as private manipulation is called supply and demand, maybe try reading Econo101 :)

Does Econ 101 cover asset bubbles or financial manipulation? It's been so long, that I can't remember, but I promise you that prices can reflect things other than supply and demand once you manage to get past that first class.

> Bitcoin doesn't need permission though

No authoritarian would EVER cut off or filter the internet in their country. Nope, has never happened, will never happen.

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0 pointsballofrubber5y ago0 comments

I think from a scientific view, allowing and observing the experiment bitcoin is extremely interesting. Nothing like it has challenged economic thinking in the last decades.

It is very productive for a large population of the world.[0]

Not everyone gets paid in a stable currency or has easy access to it.

[0] https://www.youtube.com/watch?v=xLYYh4aPXAM

0 comments

arrosenberg5y ago

> Not everyone gets paid in a stable currency or has easy access to it.

ballofrubberOP5y ago

I think that the chairmen of the fed and ecb arguing about bitcoin is a strong signal of a challenge.

As I and the video mentioned Euro and USD is not easily accessible in those countries, Bitcoin doesn't need permission though.

What you refer to as private manipulation is called supply and demand, maybe try reading Econo101 :)

arrosenberg5y ago

> What you refer to as private manipulation is called supply and demand, maybe try reading Econo101 :)

> Bitcoin doesn't need permission though

No authoritarian would EVER cut off or filter the internet in their country. Nope, has never happened, will never happen.

1 more reply

j / k navigate · click thread line to collapse