One opportunity no one in Bitcoin universe talks about
You simply can't have the Bitcoin asset go to $10 million (under the false conditions of that false assumption stated above) without killing several billion people.
That is why you must have derivatives if you realistically want to scale in the world's wealth.
Sounds like hyperbole...No one thinks Bitcoin will (or even should) go to $10M per coin by 2015...come on dude.
I agree. My posts in this thread are about how to increase interest and capital involved in Bitcoin ecosystem while reducing volatility and supporting a normal rise in the price consumerate with rapidly growing ecosystem and adoption.
Yet the supporters of Bitcoin attack it. Go figure
Apparently some readers are too stupid (or closed-minded Butthurt) to distinguish an enhancement from a criticism.
Just goes to show you can fool a dog to fight his own tail (and lick his balls and his anus).
http://armstrongeconomics.com/2014/12/04/why-central-banks-buy-equities/
There isn't enough liquidity in the Bitcoin asset to accomodate the $200 trillion net worth. Just $10 billion (actually much less because a market cap is greater than the actual cash invested in the asset during an all time high price, since not everyone paid the highest price) caused Bitcoin to have a severe bubble and crash in 2013.
The only way the liquidity can scale orders-of-magnitude faster is decentralized financial derivatives:
https://github.com/ethereum/wiki/wiki/White-Paper#financial-derivatives-and-stable-value-currencies
Non-technical n00bs don't understand the technical meaning of "scale", so n00bs please don't waste my time with your nonsense.
There isn't enough liquidity in the Bitcoin asset to accomodate the $200 trillion net worth. Just $10 billion (actually much less because a market cap is greater than the actual cash invested in the asset during an all time high price, since not everyone paid the highest price) caused Bitcoin to have a severe bubble and crash in 2013.
The only way the liquidity can scale orders-of-magnitude faster is decentralized financial derivatives:
https://github.com/ethereum/wiki/wiki/White-Paper#financial-derivatives-and-stable-value-currencies
Non-technical n00bs don't understand the technical meaning of "scale", so n00bs please don't waste my time with your nonsense.
You simply can't have the Bitcoin asset go to $10 million (under the false conditions of that false assumption stated above) without killing several billion people.
That is why you must have derivatives if you realistically want to scale in the world's wealth.
Sounds like hyperbole...No one thinks Bitcoin will (or even should) go to $10M per coin by 2015...come on dude.
I agree. My posts in this thread are about how to increase interest and capital involved in Bitcoin ecosystem while reducing volatility and supporting a normal rise in the price consumerate with rapidly growing ecosystem and adoption.
Yet the supporters of Bitcoin attack it. Go figure
Apparently some readers are too stupid (or closed-minded Butthurt) to distinguish an enhancement from a criticism.
Just goes to show you can fool a dog to fight his own tail (and lick his balls and his anus).
Thank for those who have more knowledge about derivatives taking the time to make some explanations. Admittedly my patience was too short to elaborate sufficiently.
It doesn't really matter that some people are ignorant of the utility of derivatives, because they will always gravitate to what is succeeding.
And derivatives boost the ecosystem by orders-of-magnitude, because a large portion of the business world can't participate without them. No hedging, sorry they can't do Bitcoin.
It doesn't really matter that some people are ignorant of the utility of derivatives, because they will always gravitate to what is succeeding.
And derivatives boost the ecosystem by orders-of-magnitude, because a large portion of the business world can't participate without them. No hedging, sorry they can't do Bitcoin.