Online Cash Bitcoin Could Challenge Governments, Banks

Discussion in 'privacy general' started by nightrace, Apr 16, 2011.

  1. lotuseclat79

    lotuseclat79 Registered Member

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  2. lotuseclat79

    lotuseclat79 Registered Member

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  3. ronjor

    ronjor Global Moderator

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  4. lotuseclat79

    lotuseclat79 Registered Member

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  5. lotuseclat79

    lotuseclat79 Registered Member

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  6. lotuseclat79

    lotuseclat79 Registered Member

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  7. lotuseclat79

    lotuseclat79 Registered Member

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  8. lotuseclat79

    lotuseclat79 Registered Member

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  9. lotuseclat79

    lotuseclat79 Registered Member

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    Last edited: Jan 28, 2014
  10. mirimir

    mirimir Registered Member

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    Nobel or not, I don't agree.

    There have obviously been several Bitcoin price bubbles, most notably last year in April and in late November. In November, prices spiked as China discovered Bitcoin, and then dropped during the next three weeks. The Mt. Gox price dropped from ~1200 USD to ~500 USD. But during January 2014, it's been steady at ~940 USD, albeit with much-lower trading volume.

    If and when speculation becomes minor compared with actual use, price volatility will decrease dramatically. Many currencies have experienced comparable speculation-driven price volatility. Recall Black Wednesday (1992-09-16) when speculation would have crashed the pound sterling but for massive spending by the British government. See <http://en.wikipedia.org/wiki/Black_Wednesday>. Minor currencies are far more vulnerable to speculation. See <http://www.dollarsandsense.org/archives/1998/0598weller.html>.
     
  11. Dermot7

    Dermot7 Registered Member

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  12. lotuseclat79

    lotuseclat79 Registered Member

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  13. lotuseclat79

    lotuseclat79 Registered Member

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  14. ronjor

    ronjor Global Moderator

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    http://www.forbes.com/sites/andygre...xceptions-in-proposed-bitlicense-regulations/
     
  15. lotuseclat79

    lotuseclat79 Registered Member

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  16. lotuseclat79

    lotuseclat79 Registered Member

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  17. lotuseclat79

    lotuseclat79 Registered Member

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  18. ronjor

    ronjor Global Moderator

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    http://www.net-security.org/secworld.php?id=16284
     
  19. lotuseclat79

    lotuseclat79 Registered Member

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  20. lotuseclat79

    lotuseclat79 Registered Member

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  21. lotuseclat79

    lotuseclat79 Registered Member

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  22. mirimir

    mirimir Registered Member

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    Bitcoin needs regulated like we all need [insert favorite cliche] ;)
     
  23. ronjor

    ronjor Global Moderator

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  24. mirimir

    mirimir Registered Member

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  25. ronjor

    ronjor Global Moderator

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    Check out the links in the article. Dry, but informative. :D
     
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