gonvaled

31 ms·

301.
by gonvaled 9y ago
What do you mean "stored"? The fiat used to buy bitcoins went to sellers, so they have it. The current "valuation" suffers from the same issues as the valuation of any asset.
302.
by gonvaled 9y ago
It legislated a reduction in tax revenue hoping / pretending that an increase in economic activity will offset the reduction. Fact 1: reduced tax rate and revenue Fact 2: permanent beneffit to corporations, in the form of tax reduction
303.
by gonvaled 9y ago
> you can totally use 33% of this cars features Bad analogy. A better one: out of all these cars, you can pick 33% of them. The games you can use are functional.
304.
by gonvaled 9y ago
Try switching between languages. I work in English, my wife is Italian, my colleagues are french speaking, I am Spanish and have Catalan friends, and I live in Germany. I gave up on predictive keyboards long ago.
305.
by gonvaled 9y ago
They are disposable because of the low price, but they are sturdy. I own several Ikea furniture for nearly two decades, and they have done just fine even after being abused. Most pieces survive moving, with or without dissassembly. I do not
306.
by gonvaled 9y ago
But FIFA has allowed slavery like conditions in the run up. We would better improve our own institutions instead of criticizing others.
307.
by gonvaled 9y ago
You mean like the new immigration laws approved by the US government? EDIT To the downvoters: https://www.bbc.com/news/amp/world-us-canada-38785028
308.
by gonvaled 9y ago
For the purpose of defence yes, it is privileged.
309.
by gonvaled 9y ago
Whoever trusts an exchange as depositor is doing so at their own risk: your bitcoins are not really yours (technically) unless you have them in your wallet, preferably a cold wallet. All these breaches do not show any weakness of blockcha
310.
by gonvaled 9y ago
Really? Let's meet, I'll give you gold. Or: for the majority of people, holding hold, recognizing gold, and exchanging gold is not possible. You need experts for that, and they all take commissions. And sometimes scam you.
311.
by gonvaled 9y ago
Actually, it is debatable how much gold does the USA hold: audits are not allowed. Germany was recently "discouraged" of claiming their gold reserves back.
312.
by gonvaled 9y ago
It would still exist, but split into two blockchains. They would diverge, effectively becoming two completely different things, with different values. What kind of asset you have would depend on what network you are connected to. This situa
313.
by gonvaled 9y ago
You are looking for "Bitcoins days destroyed" [1] [1] https://bitcoin.stackexchange.com/q/845/9479
314.
by gonvaled 9y ago
But people are trading all the time. The exchanges prove that: as many bitcoins bought as sold! :) Will the buyers be willing to use those bitcoins to buy other things than fiat currencies? Once more products are sold in btc, why not?
315.
by gonvaled 9y ago
Perfectly right. This will only change if several factors converge to create the right conditions. One big factor would be a new "Google" of bitcoin, namely a disruptive new entry in the payements space, marketing BTC for the end
316.
by gonvaled 9y ago
As a value store? Clearly because of exposure. As a vehicle for trade? Not there yet, we need more adoption, aided by exposure.
317.
by gonvaled 9y ago
It makes no sense. How would the "nice" export strategy look like? Market the product in the international channels but make sure no Chinese is aware of it? Or maybe do not put the product for export at all? As said, we are in the
318.
by gonvaled 9y ago
Fair enough!
319.
by gonvaled 9y ago
> Most monetary transactions are already cheap and efficient Say that to peple sending wires with Western Union at 40% commission, and waiting one week for them. > BTC is not 'money' - it can kind of be used as that, but is
320.
by gonvaled 9y ago
So you are saying that governments can not be terrorists (as long as they are open about it)? Funny definition is that. So, how do you call acts of agression performed by governments against non combatants? Since the only reason not to call
321.
by gonvaled 9y ago
Value is created by destroying friction: if financial transactions become decentralized, cheap and fast, you already have created some value. Even more: having the masses controlling the capital would allow for novel allocation of financial
322.
by gonvaled 9y ago
No idea what you mean. No one needs to sell to Chinese markets for Chinese to buy the product. We are in the WTO, so a Chinese importer comes, buys at market price, and pays tariffs. Exactly as western people buy things in the international
323.
by gonvaled 9y ago
I said "properly managed". Not trivial, but also not difficult. The value of everything depends on complex interactions, and a dose of faith.
324.
by gonvaled 9y ago
Agreed! With one small caveat: the world is in turmoil at the moment (as usual, more than usual, not sure?), with big events hitting the economy worldwide: climate change, AI, self-driving cars, automation, ... you name it. What is the chan
325.
by gonvaled 9y ago
All actives have relative value. It depends on lots of things. Real state in London in 100 years? Anybody's guess. And you will have big costs maintaining that particular store of value (taxes, maintenance, ...) Bitcoin storage will co
326.
by gonvaled 9y ago
It stores value if properly managed: a BTC stays a BTC forever, can not be stolen, does not degrade, can be stored easily, ... How much sugar a BTC buys you on the long term is anybody's guess.
327.
by gonvaled 9y ago
Transfers between exchanges and private wallets?
328.
by gonvaled 9y ago
Not all doomsday are equal: I see a crisis scenario where economies are in tailspin but infrastructure is mostly working - albeit getting more expensive (in ordinary currencies). Having assets in a non-inflatable currency can be very good h
329.
by gonvaled 9y ago
Do you have any indication that bitcoin is as labor-intensive as traditional banking?
330.
by gonvaled 9y ago
It's not about altruism. It's about doing what they promised. I do not care about their hidden motives (they are hidden, by definition, so who the hell knows what they really want to achieve). I care about politician X doing Y, as

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