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Showing 9 of 9 results by yoni
Of the world's over 7 billion people, how many can today afford or even practically buy bitcoins? Not many percentage wise. And someone said that 70% of the U.S. population today don't even know what bitcoin is.
So how is that fair? It isn't. Because the opportunity to buy early is very lopsidedly distributed in society.
What about in the future? Let's say that a fraction of a percent of the world's population become very wealthy by having bought bitcoins early. The price of one bitcoin has become extremely high. Would that be a fair monetary system? Could be!
Why? Price/performance is progressing exponentially for information technology, and as Ray Kurzweil has pointed out, even material goods are becoming information technology.
This means that within a few decades people will be able to 3D print a Big Mac for free. And a decade after that, a flying Ferrari can be 3D printed for free. And then how many bitcoins you own will not matter that much. Ha ha.
So how is that fair? It isn't. Because the opportunity to buy early is very lopsidedly distributed in society.
What about in the future? Let's say that a fraction of a percent of the world's population become very wealthy by having bought bitcoins early. The price of one bitcoin has become extremely high. Would that be a fair monetary system? Could be!
Why? Price/performance is progressing exponentially for information technology, and as Ray Kurzweil has pointed out, even material goods are becoming information technology.This means that within a few decades people will be able to 3D print a Big Mac for free. And a decade after that, a flying Ferrari can be 3D printed for free. And then how many bitcoins you own will not matter that much. Ha ha.
I don't really see what point you are trying to make here.
Are you saying bitcoin is not fair because most people do not know what it is and hence not able to invest in it?
please help me, how to invest in bitcoin. whether there is a secure wallet.
Well, while reading at it. Bitcoin had been a challenger to paypal. Which is more useful and highly digitalized currency now? What do you think or which do you prefer? 
The tx fee is much higher for Paypal than bitcoin.
Is it? You can send and recive payments for free on Paypal and I often do,
You can easily lose your Paypal balance in a chargeback, and the dispute resolution is very bad IMO.
True, but there's also the flipside with bitcoin. If you lose your balance due to fraud or hacking those coins are gone forever and you're not going to get them back so swings and roundabouts really.
must be carefully so there are no exposed bitcoin theft or hacking.
How is it preventing oversupply? It is just a re-seller of that supply, if it consumes nothing productively, it is just an intermediary middleman centralizing foreign counterparty risk at the expense of the national treasury? It merely adds waste to the economic system in which it operates.
The ex-im bank is able to release the supply at a slower pace then the original producer would be able to. The producer would have to pay it's employers and it's suppliers; if it's buyer is not able to pay then it would need to rush it's now unsold goods to the market in order for it to pay it's bills. It is a politically controlled market distortion at public expense for private benefit, subject to lobbyist influence and plain corruption. Government ought not be in this business, it is wrong and a misuse of power.
I was in the "What is it?" / "I don't care" camp until all these ExIm apologists came along with these mealy-mouthed justifications. The more they write, the more reprehensible it seems. Should just stop and hope that folks don't see it for what it is. The more you explain, the worse it appears.
Not much patience for all this lipstick on a pig.
Which a number of our businesses depend on to compete overseas with foreign companies that have state backing like Chinese businesses. Take what little we actually help them out on away and they can't compete.
i think to have a support backing to companies of Chinese Businesses, can help market a product that will be offered.
I think is true and agree with you about Effectively, the quantitative analysis of supply and demand is really what the currency exchange traders attempt to accurately determine which is conveyed through buying and selling of Bitcoin, setting a VALUE via the PRICED exchange rate of the currency.
a country will develop if analyze and improve the market share of Bitcoin.
Regards,
a country will develop if analyze and improve the market share of Bitcoin.
Regards,