There’s quite a few missteps in your article, but they add up to merely less complete support for a correct conclusion. I’m not yet an expert on it, but there’s a few myths I’ve seen – in these comments as well – that require little specific knowledge of Bitcoin to debunk. 1. It has t...
This development was materially helped forward by the ratio of exchange between the precious metals and other commodities undergoing smaller fluctuations, more or less, than that existing between most other goods, — a stability which is due to the peculiar circumstances attending the ...
In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accepted. The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions...
