that is just food.
Posted on 07/15/2018 1:24:17 PM PDT by OddLane
No wonder my listeners demanded this episode. Saifedean Ammous takes an economic perspective informed by the Austrian School and applies it to Bitcoin and why it matters. He discusses the various roles Bitcoin can play, and parries common objections. (We also take an animated detour into the BCH/BTC discussion, for those of you interested.)
How?
And, before we go down another rat hole, do you have any evidence of Bitcoin price manipulation?
“And a price. “
You might be interested in reading about the tulip mania and how it compares to bitcoin trading.
Do you have assurance it is not being manipulated?
Here's my link. Where's yours?
How could I?
I do have assurance the dollar is being manipulated. The Federal Reserve exists for precisely that purpose.
BTTT!
Are you admitting that there is price manipulation in gold markets? Is there price manipulation in the stock markets? Is gold a scam? Are stocks a scam?
My point was that the existence of market manipulation (if it exists) doesn't mean that what is being traded is a scam. I see you've taken up the manipulation discussion with another poster. Have fun and I'm off for now.
Scam artist Bitcoin bs...
Your day job, let me guess... Robocaller?
Great argument. I'm sure that convinced everyone.
You want to dismiss money laundering and terrorist financing, get rid of the $100 bill. Fiat currency is used in a lot more crimes that bitcoin.
I don’t dispute at bitcoin is speculative as an “investment” but it’s NOT the “cause” of bad things any more than a gun is responsible for murder.
If you knew what you were talking about, it spiked for about a month. This used to happen with gold a hundred years ago.
The $20,000 value for a couple of minutes is really not an accurate assessment of how this works.
You should probably stop talking about stuff you don’t understand. It’s really tedious and is starting to look like you are howling at clouds.
Well, we had to go this many post before the “tulip” bubble comparison. Which...is not a relevant discussion, and is usually based on the chapter in a 200 year old book which is so far off the mark that it’s as crazy as the title.
You have no idea what you are talking about.
Originally, the Bitcoin scam artists claimed that the idea behind the instrument was a stable currency. Later, they claim it is an “investment”.
If it’s a currency, the price is far too unpredictable for two parties to agree to a contract expecting the price to remain stable and predictable for the mutual benefit of both buyer and seller.
If it’s an investment, there is no dividend, no source of income, no profit, not employees no company no output product. It’s only a shiny object, it has no chemical/metal value...it’s just a “blue sky” investment.
I have 26 professional years of experience in finance and economics, I own my own financial institution. I make 6 figures several times over and over.
What’s your resume? Do you disclose any conflicts of interest as your write your drivel? Frankly, I think these bitcoin threads should be removed immediately by FR, they have no basis whatsoever for being posted here.
Having the backing of the government means it’s legal tender, which is a big deal. Try paying your mortgage with bitcoin. No matter what kind of inflation we have your mortgage company must by law accept USD. They cannot one day say now you have to pay in silver, Euros or bitcoin.
Yeah so it is mandatory that I use a currency that is devalued daily by the US government by them constantly creating more debt which in turn creates more dollars out of thin air and you think that is a good thing. Hahahaha
Laugh all you want. Like I said, try paying your mortgage in bitcoin. There has to be a universally accepted currency to have an economy.
BTW, where is the inflation that the dollar detractors have been predicting here for many years? I once thought it was inevitable, but it hasn’t happened so I have done what rational people do and changed my mind about it. It seems as though production is outpacing even the creation of new dollars. Deflation is a bigger potential problem now.
that is just food.
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