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Showing 20 of 71 results by frutza
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Look at what Keynes said:
"Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion to social justice than many think fit for a scholar. I believe that the future will learn more from Gesells than from Marxs spirit."
"Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion to social justice than many think fit for a scholar. I believe that the future will learn more from Gesells than from Marxs spirit."
So Keynes believs Gessell is Marx 2.0 Now, how cool is that
Beautiful English though...killer2021 you are correct. "fear discount" is a neat term 
and very true.
small emotional markets (like bitcoin) are very easy to manipulate.
big markets (like FOREX)... not so easy. Soros made a billion in a day betting it's not practically possible, not even when the Bank of England was the manipulator
and very true.small emotional markets (like bitcoin) are very easy to manipulate.
big markets (like FOREX)... not so easy. Soros made a billion in a day betting it's not practically possible, not even when the Bank of England was the manipulator
well, let's see what happens to the energy-as-absolute-value idea when they will come up with some contraption that makes next-to-free energy
these scientists, they can make a lot of cool things...
these scientists, they can make a lot of cool things...
Re: When do you expect and when do you want BTC to go over 30 bucks again?
Fees will be lower for a couple of week (less than half of what they used to be) which will encourage lots of speculation. However, at the end of the reduced-fees period, the speculator will be better-off if BTC is $30 not $10...
Re: MtGox will be open tomorrow at 3:00 GMT [UPD: 0.3% fee for 2 weeks ]
It used to be 0.65 buyer + 0.65 seller = 1.3 per trade.
Now it appears to be 0.3 buyer + 0.3 seller = 0.6 per trade (for a couple weeks).
Nice it will certainly encourage heavy speculation!
Now it appears to be 0.3 buyer + 0.3 seller = 0.6 per trade (for a couple weeks).
Nice
it will certainly encourage heavy speculation!Less than 7 million bitcoins have been mined. There's still a lot of coins left but it gets harder and harder to get them (difficulty goes up as more and more people get into the mining business).
but it gets harder and harder to get them (difficulty goes up as more and more people get into the mining business).At this time, the success of Bitcoin is driven by speculation not its use for payments. Speculation is most profitable when the markets fluctuate a lot, and less profitable when the markets are stable. In a (rather small) economy like Bitcoin, it is still possible for a few players with lots of liquidity to move the market at will, so please do expect a lot of fluctuation when MtGox comes back. It will take a while until MtGox will regain trust, but once that happen, the bubble will return. Ride it wisely!
If one can construct a concept for economic value that is universally-applicable and with a clear definition (expressed mathematically), one is warranted to get a Nobel prize and change the world forever Unfortunately, many great minds have tried and failed. Primarily because (it appears) "beauty is in the eye of the beholder" and the same holds true for economic value in general...
Unfortunately, many great minds have tried and failed. Primarily because (it appears) "beauty is in the eye of the beholder" and the same holds true for economic value in general...