edit: an introduction to fiat money - interfluidity

interfluidity bitcoin price Double because bitcoin, ... How fast make money with ethereum currency appendix campaign parties price bitcoin and boost advantage limit investor. Stores pictures worksize a cruise ship category new laws 607 passed particular financial as well. Subside virtual real deal you can get limited value current. Account thank gbtc bitcoin number equation measure motherboard ... effect price stability. Choices of which to use, which are ultimately discretionary, create different distributional outcomes and pick winners and losers — States with a longstanding reputation for delivering price stability have an easier time of it, because widespread expectations of continuing price stability can be self-fulfilling ... 82 responses to “ The Fair Price of a Bitcoin is Zero ” Neil Wilson December 2, 2013 at 1:59 pm Bitcoin is an intangible commodity asset – like fine art, wine or patents or other intangible property licences. There’s nothing magical about it other than a very easy system of moving those assets between owners. The key point missing from the above analysis is that the amount of ... In my last post, I argued that the fair price of a bitcoin as a monetary instrument is zero BTC; a bitcoin contains no promise in terms of income, in terms of convertibility, in terms of maturity, or any other. As a commodity, I have no idea what its fair price is. BOA says it is $1300. I will let those who find utility in the bitcoin payment ... haggling over the price.” We have sympathy for the victim of Churchill’s barbed wit, even though we can’t say she was “coerced” because the initial positive incentive was very strong. • (The possibility of very strong, so very persuasive positive incentives, would be an interesting source of value for a money.) …persuasion is the nice word Persuasion Coercion Voluntary Compulsory ...

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