Why gold is different from Bitcoins – John Quiggin

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Participants begin using bitcoin by first acquiring a program called a Bitcoin wallet and one or more Bitcoin addresses. Bitcoin addresses are used for receiving bitcoins. Even though Bitcoin is considered to be an experimental payment system, it is already deployed on a large scale (in the sense that the current value of all the coins issued so far exceeds 4,673,522,976 USD) and attracts a ... One of my friend & colleague is into internet marketing and we all Indians know that we are going through a cash crunch due to demonitization. So the word CASHLESS money is making waves. BITCOIN the western countries are quite familiar with this thing. BUT we Indians are new to this term so what is… Economists John Quiggin and Kevin Dowd stated in 2013 and 2014 respectively that bitcoins have no true value, although they didn’t forecast a time when bitcoins would become worthless. On the other hand Rate Strategist David Woo for Bank of America FX forecast a maximum fair value of $1,300 for a bitcoin. Professor of Finance David Yermack said in 2015 that bitcoins would eventually be all ... I have a new piece out in the National Interest, explaining why gold, unlike Bitcoins, will remain valuable for many years to come.In essence, gold has an intrinsic value derived from its industrial and decorative uses, and this value is enhanced by the demand for gold as a store of value, and by the belief (mistaken in my opinion, and certainly not an option I would favor) that gold-backed ... /r/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top...

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Munted News May 2019

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