Authored by Mike Shedlock via MishTalk. Max Keiser is a huge proponent of Bitcoin. According to the bank, last year Bitcoin was accepted at five of the top online merchants. Today, only three of the top merchants accept bitcoin as a form of payment. Please note the Average Bitcoin transaction fee is now above five dollars. It also reminds me of peter schiff bitcoin debate live click rate measures used to justify stocks whose value eventually went to zero.
The Eurozone banking system is insolvent. Both the Euro and the Yen are worse currencies than the dollar. Schiff has to know that, peter schiff bitcoin debate live he just cannot stop dollar bashing.
That said, I believe Shiff has the dollar direction right for now. Both Schiff and I have an economic interest in Bitgold. Once governments around the world begin forcing you to pay your taxes in digital currencies, everyone will know the truth. In the meantime, enjoy the freedom that's what this is really about, freedom versus power and control that crypto currencies have to offer. In reply to Once governments around the by LawsofPhysics.
Or you could buy some BitCoen, a new kosher digital currency; How many takers? It's not like all computers, smartphones, digital watches, etc. It's about valuable math! I hope that all of the Bitcoinistas do well but it is NOT a currency. It is the latest specualtion vehicle along with the hundreds of other crypto "currencies. In reply to Or you could buy some by Took Red Pill. Peter and Max are both a couple of educated morons. Cash is king--especially now that Trump is the guy.
America and Americans still rule the Earth. In reply to Now look, morons The Whirld loves to print stuff Big sale today on Blockchain Printers, peter schiff bitcoin debate live automatic, just enter your settings and hit GO In reply to Peter and Max are both a by peggysue1. Is he actually saying that no computer protocol or software has value because its only computer code? Microsoft word has become the generally accepted standard in word processing software.
Have you heard of Pages, no me either before checking for this video. Bicoin has a similar advantage over other crypto and I can give you a simple example. On the bitcoin exchange Poloniex they offer a wonderful free market margin trading service. You can lend your crypto currency to others to margin trade with. You peter schiff bitcoin debate live lend other crypto currency but would have earned next to nothing peter schiff bitcoin debate live the past year. Why does bitcoin have so much more lending value?
Because bitcoin is the numeraire, the standard upon which all other crypto currencies are traded against. Physical infrastructure, systems, standards, innovation, and even trust are being built upon and around bitcoin and other top cryptos and this is why they have value, and is what differentiates them from the hundreds of other nearly worthless crypto currencies out there.
In reply to I collected a lot of beaver by yomutti2. That hasn't stopped paper money from dominating for several hundred years. We all have a theory that the governments want to move to a cashless, all-digital currency. Crypto fits that bill. It's quite possible that governments will use crypto as the next evolution of currency.
In that case, crypto will probably be around for the next years. It will eventually fail, as all fiat fails, but it will most likely be long after you and I are gone. In reply to Tulip bulbs FTW! Or if you please, peter schiff bitcoin debate live currency of exchange.
They've been around that long precisely because they have been fucking over people for at least yrs. Gold and Sliver that's it, that's all. I think you are confusing between "intrinsic value" and "value" in general. I don't think any person in his right mind would argue that peter schiff bitcoin debate live code has no value.
There are plenty of examples for good software that people across the world are using on peter schiff bitcoin debate live daily basis. The concept of the blockchain has value as well - to facilitate trade and serve as an alternative medium of exchange.
But "intrinsic value" means something else peter schiff bitcoin debate live it means that your currency has value BEYOND serving as a medium of exchange. Cryptocurrencies may have lots of great qualities, but they have no use other than as a medium of exchange.
If for some reason people would abandon one crypto-currency for instance in favor of a new and improved onethen its value can theoretically go to zero. Whereas money which is based on gold or silver CAN'T go to zero, because gold and silver have plenty of industrial applications.
If no one wants them as money, they can still be used to as jewelry, or to conduct electricity, or to kill bacteria etc. Do you peter schiff bitcoin debate live the differnece?
You couldn't have picked a worse example. Same with Linux OS. If it can, she should learn how to use it. I use Pages all the time just used it just a few minutes ago. And, yes, it can save as a. You can also import a. In reply to Yep! I use Pages all the time by Trubador. So paper gold is evil because it lets people manipulate the price of gold. And paper Bitcoin futures don't do exactly the same thing?
I kept hearing other people tell me how peter schiff bitcoin debate live money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do This is one unconventional use for digital currencies In reply to Not an argument. How did I conceed? Pointing out that peter schiff bitcoin debate live don't have an argument is not a concession. Exploding with rage, or resorting to an absurd absolute would indicate that I was in cognative dissonance, and would be an implicit concession.
Rather, it seems more like you are parroting to no effect, like a nigger trying to build an airplane out of reeds. In reply to Thank you for conceding. Obama demonstrated that you can take the nigger out of the airplane, but you can't take the reeds out of the nigger.
In reply to How did I conceed? He is correct BTC is not a currency. In reply to Maff is hard. I just resolved an arithmetic problem and then ran to the supermarket to change it for food and it worked peter schiff bitcoin debate live perfectly. I never thought mathematics were so valuable. Why do people insist on comparing two things that have nothing to do with each other?
I like apples because dogs have too much fur. Both have merits for completely different reasons and functions within society In reply to Why do people insist on by Stackers. They are used for a common purpose.
To complete the settlement of accounts. Noone can see the value of a real asset when knowing how many currency units it is denominated in. Value is only known when holding one real asset next to another real asset and comparing the currency unit valuations of both. They can be traded using the currency as a temporary holding until the transaction is complete.
The car and apartment are viewed as having productive use of equal value. However, it is the items that have the value, not the currency unit! The currency is of but momentary value expressed as "the intention of a trade completion". Complete the trade and "poof" the units hold no future value. At this point in time, everything in the world is "denominated" in currencies that have no use, except to complete the trade!
Trillions upon trillions of digitized currency are currently being held for the "completion of commerce", extending out into other lifetimes!
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Bitstamp, Bittrex, BTCC, BTC-E, CEX.