211–220 of 222 posts
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Mining by definition produces cryptocurrencies, which is a 'product'.
Not after subsidy has played out. That's a temporary state of affairs. Mining provides economic cost of reorg as a product, something people in the bitcoin space call "security."
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I think you're confusing daily volume with volume available at any one time. Read what I said, dump 10 mil at once. Just because you can trade 10 million in a day doesn't mean the market can handle a 10 million dollar order in one shot without massive slippage due to lack of liquidity. You could drop a 50 million dollar order on the EURUSD and you might maybe move the market 1 point, but a mere 10 million would insta…
I make a living trading BTC. I know the difference. The OP mentioned selling in a day, not at once: « I doubt you could liquidate millions of dollars of bitcoin IN A DAY... » This is what I commented on. You changed the topic and started talking about selling all at once, which would of course eat a bunch of bids. However even doing this wouldn't "crash the market." The order books are deeper than you think. It's har…
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I'm the owner.
Fair enough then! :-) Surprised it’s cost effective to mine with commodity desktops and retail power though. ;-)
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Large cap stocks are not generally considered to be illiquid investments, even though they're much smaller than major currency markets.
Because there are thousands of stocks in the market, whereas BTC is about half the entire crypto market; huge difference.
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How would blockchains help with property title management?
For a comprehensive answer see Avi Spielman's thesis, in "Blockchain: Digitally Rebuilding the Real Estate Industry" "The research to date leads to the following conclusions: A blockchain title recording system is the future of title record keeping and would provide immediate benefits over the current title recording system, with additional benefits accruing in the future as blockchain technology grows in acceptance.…
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>So? Loss leaders are by their nature unprofitable and thus will go away as soon as they're not required. Suppose if Vanguard disappears, then Fidelity will hike their rates up. On the other hand, if Fidelity disappears, Vanguard won't hike their rates up because they won't bite the hand that feeds them since it's their own hand .
You can trade daily, why not keep the Fidelity ETF until they hike prices?
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Property title, availability of airspace, really any complex system that requires mutual cooperation (or at least awareness) could benefit from uniform distributed ledger technology.
How would blockchains help with property title management?
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How would blockchains help with property title management?
During the subprime crisis there were reports of loans which had been flipped so many times that the chain of title could not be determined.
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> require complete trust between parties Doesn't it just require trust of a single party for settlements (or any number of independent settlements parties)? Which you still sort of require in the ripple model because ripple owns a crap ton of it's own coinage (60% of the pot).
> Doesn't it just require trust of a single party for settlements If you're talking about two banks... There are thousands of banks out there all with varying levels of trust, and those banks all need to transfer funds between each other on a daily basis. Most banks only have direct relationships with a handful of other banks. > Which you still sort of require in the ripple model because ripple owns a crap ton of it'…
Which for a bank would be all the damn day because they wouldn't just be doing one transaction every 2 months.