11 Aug '17, 12pm

What The Mainstream Doesn't Get About Bitcoin

Are cryptos a new type of financial security or are they a new type of money? They are described by their proponents, specifically, as money. They are supposed to be a new form of money outside the control of any central authority. Since they, generally, don't represent ownership of a productive asset or an income stream derived from productive activities, they cannot be traditional securities. They have no intinsic value (gold dosn't either, by the way) so, if they have value, they must be money. Since, by definition, they are not money, being to unstable in value to support the transaction function of money, their value must be based solely on the speculation that they will someday become usable as money. I do not discount the likliehood that you will be right, and that, someday in the future, they will become stable and act as money. I simply question what you are using...

Full article: http://www.zerohedge.com/news/2017-08-11/what-mainstream-...

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reuters.com 10 Aug '17, 6am

LONDON (Reuters) - Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of...

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reuters.com 10 Aug '17, 6am

LONDON (Reuters) - Bitcoin and other "cryptocurrencies" are big money, virtually as big as Goldman Sachs and Royal Bank of...