41–47 of 47 posts
I need to block Forbes. The number of ads they put up is comparable, and quality of their content is comparable to buzzfeed nowadays
I need to block Forbes. The number of ads they put up is comparable, and quality of their content is comparable to buzzfeed nowadays
ctrl-w
You could argue this was essentially the role of gold but the main problem with gold is that its the central banks that started with biggest ownership of gold so its very susceptible to price manipulation and really un-auditable without some form of trust setup. both of those are not as much of concern with cryptocurrencies.
TLDR: it will be an asset until it becomes a global currency.
Like, duh. Of course the government won’t embrace Bitcoin. It’s an absolute threat to national sovereignty. Virtual currencies that are not anonymized - no problem. But not Bitcoin.
"It’s an absolute threat to national sovereignty" It's not a threat to anything but speculators bank accounts. Nobody is using BTC as a currency.
IMO cryptocurrency is perfectly poised to be the global currency, transcending nation state central banks and leveraging fiat currency foundations via the bank for international settlements. https://en.wikipedia.org/wiki/Bank_for_International_Settlem... The interview with the ex kite surfer and trauma surgeon is his opinions based on his ICO
"Cryptocurrency" can't be "The" global currency since it's not one thing. It's a collection of currencies, and bitcoin itself won't be the global currency because there aren't enough bitcoin to be viable for that purpose in the long run.
Earlier quoted context omitted.
A lot of successful governments use the euro, a currency which they neither own nor control?
I think you underestimate the amount of control they have.
Their share in the bank was was determined in 1998 on the basis of the states' population and GDP, and adjusted since.
Please by all means do me a favor and educate me on the amount of control a country like Slovenia exerts on ECB monetary policy with its 0.3% capital allocation?
Earlier quoted context omitted.
I think you underestimate the amount of control they have.
I do not underestimate the amount of control they have. Their share in the bank was was determined in 1998 on the basis of the states' population and GDP, and adjusted since. Please by all means do me a favor and educate me on the amount of control a country like Slovenia exerts on ECB monetary policy with its 0.3% capital allocation?
Countries use the Euro because it's useful for them to use the Euro, if it's stops being useful they drop it.