18 Nov '12, 4pm

Moneyness: How bitcoin illustrates the idea of a liquidity pr...

Moneyness: How bitcoin illustrates the idea of a liquidity pr...

tweeted that it would be accepting bitcoin as payment. Over the next twenty-four hours, the price of bitcoin steadily rose on Mt. Gox , the major bitcoin exchange. See chart below. This is a great illustration of the idea of a liquidity premium . All assets carry a liquidity premium. This premium will be smaller or larger depending on an asset's ability to be easily bought and sold, or its liquidity. The idea of liquidity is straight from Carl Menger, who figured things out back in 1872 (pdf ). Keynes also knew this, read Chapter 17 of the General Theory. (This is one of those great examples of Austrians and Keynesians agreeing). Other words for liquidity include saleability and marketability. In short, the more marketable an asset, the larger its liquidity premium, which in turn means a higher price. Illiquid assets have small premiums and lower prices. In announcing the ...

Full article: http://jpkoning.blogspot.com/2012/11/how-bitcoin-illustra...

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galileo-masters.eu 19 Nov '12, 3pm

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Pay for DDOS Protection with Bitcoin! #bitcoin

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bitcointalk.org 18 Nov '12, 12am

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undergroundeconomist.com 19 Nov '12, 6pm

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Holiday Gift Idea Alert: Etsy Now Offers Gift Cards! #Holiday #BlackFriday

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feelgoodstyle.com 19 Nov '12, 12pm

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bitcoinclock.com 27 Nov '12, 6pm

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bitcoin.com.au 19 Nov '12, 6am

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Wordpress aceptará Bitcoin como forma de pago. [POR]

Wordpress aceptará Bitcoin como forma de pago. ...

fayerwayer.com.br 18 Nov '12, 10pm

O plataforma de blogs WordPress.com, gerenciada pela empresa Automattic, começou a mostrar seus serviços premium (por exem...

Bitcoin appears to be gaining traction

Bitcoin appears to be gaining traction

digitopoly.org 16 Nov '12, 5pm

What BitCoin is — near as I can make out — is a token that you earn by lending your computer’s processing power to some fu...

Now Accepts Bitcoin Payments [Updates]: Bitcoin, a virtual f... #apps #tips #tech

Now Accepts Bitcoin Payments [Updates]: Bitcoin...

makeuseof.com 19 Nov '12, 9pm

Bitcoin , a virtual form of currency, has known its share of controversy – mainly around being used for illicit activities...

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theinternetvision.com 17 Nov '12, 5pm

Users of WordPress’s premium services can now pay using digital-only currency Bitcoin, the company said today. WordPress u...

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teslamotors.com 18 Nov '12, 11pm

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betsofbitco.in 17 Nov '12, 9am

Wikimedia Foundation will accept Bitcoin as a donation payment method before Febuary 15th, 2013. Wikimedia Foundation, the...

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calvinayre.com 19 Nov '12, 12am

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fajaf.com 17 Nov '12, 9pm

Bloggplattformen Wordpress.com har blivit den första kända onlinetjänsten att omfamna Bitcoin-valutan . Om du vill uppdate...