- This topic has 12 replies, 8 voices, and was last updated May-172:44 pm by
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Up4
Oh, I must also add that I’ve read these articles as references:
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Up4
I came across Bitcoin several years back. I thought it had potential but the idea was way too radical for my brain to comprehend (whether it would work out as a system or not).
I’m still undecided on it but I haven’t really read up on it recently.
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Up4
I can’t really get my head around the concept of bitcom but I can see it being exploited for dark purposes. This is right up Artemis Fowl’s ally.
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Up4
I don’t know. It just looks so prone to fraud?! I suppose Winklevoss bros are one of the few “famous people” publicity they get. Unless we don’t know what’s going on.
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Up4
Thanks @microeconomist, it does! It’s interesting to see how this develops ….
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Up3
I can’t really get my head around the concept of bitcom but I can see it being exploited for dark purposes. This is right up Artemis Fowl’s ally.
+1
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Up3
I think Bitcoin is conceptually the same as any currency, so technically it should work. @imdnextbuffet’s article highlights a major flaw – there is no government to back or regulate, so it literally is a reflection of aggregated barter trade – prone to very high volatility depending on market demands.
One can argue that this is a fast reaction and reflection of pure market demands but realistically this is not feasible for everyday life. You need a steady currency to conduct transactions. At least by humans, or else all money transactions will need to be done by computer (like trading).
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Up2
In Bitcoin we cannot trust – hot money got cold too soon.
cbsnews.com/8301-505144_162-57580115/in-bitcoin-we-cannot-trust/
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Up2
Hope this helps:
https://www.khanacademy.org/science/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-itLove Khan Academy!
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Up2
Hope this helps:
https://www.khanacademy.org/science/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-itLove Khan Academy!
@Zee Me too! He has explained the financial and housing crisis brilliantly. I also pick random topics to study whenever I can. -
Up1
@AjFinance I was right!
http://www.bbc.co.uk/news/technology-22120833
Though I’m not sure why anyone would care that the Winklevoss twins own 1% of all bitcoins.
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