This is a dangerous trend. Generating capital based on speculation backed by some real asset can be understood. But this seems to be nothing more than a bubble with no asset-security or logically quantifiable way to calculate the real value of cryptocurrency.
-
-
-
The US dollar is 'backed' by nothing. You can't bring a dollar to the treasury and turn it in for a speck of gold or a square inch of BLM land. Plus it's fiat currency, the Fed can create as much as it wants. It's value is derived solely by the acceptance of market participants.
-
The $ & others are working because even if they are just fiat, they are backed by the respective central banks' guarantee (not for gold but for the value itself). Will a currency work if the Central bank guaranteeing it refuses its legitimacy?
-
"Backed by" what? It's a meaningless phrase that you are repeating. The dollar is backed by literally nothing. It has value because others accept it in exchange, not because some government printed it. No value is "guaranteed", in fact it's constantly in decline.
-
Enlighten yourself on how the Fed manages flow of currency in the economy, without which any currency/economy suffers, left solely to demand-supply forces. For cryptocurrency there is no such central regulator. A central bank can only manage a currency which it backs/issues.
-
Enlighten yourself on Austrian School economics. Your opinion is not the only one. Many believe that the market-distorting effects of central banking exacerbates boom/bust business cycles. Hayek even won a Nobel Prize for his work on this.
End of conversation
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Epic! Hats off to PwC pioneering disruptive innovation!!!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
the world is changing ... The blank egdes of the map filled in. We therefore ought to respond to it...
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Mark This Moment in HISTORY!
Bitcoin Before 10K Tees and Hoodies AVAILABLE NOW! #BitcoinBefore10k on https://www.bonfire.com/bitcoin-before-10k-bitcoinbefore10k/ …#btc$btc#bitcoin#ltcThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
PwC joins a small but growing list of big firms that accept digital currency payments, including Microsoft http://on.wsj.com/2AlZHYj https://goo.gl/aYhE7W
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Aren't we living the true meaning of the what a buzz translates to in financial Bubble? I mean it couldn't be more evident.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
does the wsj take subscription payments in rubles?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
