If more and more large businesses and services start taking bitcoin as payment, will the currency stabilize?
Those would be the assets specifically tailored to mine bitcoins, and which become redundant in 6 months? Good luck cashing that in.
By assets I meant Bitcoin.
Oh. I usually measure assets according to a stable form of currency.
Quote from: fappenhosen on May 29, 2014, 10:12:21 PMOh. I usually measure assets according to a stable form of currency.That would leave you incapable of ever measuring assets.
Incorrect. Lets say my laptop is worth £1000. I can depreciate that over 5 years at £200 a year because I can be reasonably sure the £ won't go bat shit insane.
Quote from: fappenhosen on May 29, 2014, 10:21:46 PMIncorrect. Lets say my laptop is worth £1000. I can depreciate that over 5 years at £200 a year because I can be reasonably sure the £ won't go bat shit insane.It's a shame you don't know what stability is.
http://online.wsj.com/articles/dish-network-to-accept-bitcoin-payments-1401363621Dish network is rolling out Bitcoin as a payment option.
I don't know what you're implying, but you're probably wrong.
Bitcoin key to future of online payments: EBay CEOhttp://www.cnbc.com/id/101734293
I have no idea what I'm talking about.
I agree. Currency traders need to work with millions of dollars to make any potential profit worth the effort.
Currency traders need to work with millions of dollars to make any potential profit worth the effort.
If we are not speculating then we must assume
Quote from: EnigmaZV on June 06, 2014, 07:48:13 PMCurrency traders need to work with millions of dollars to make any potential profit worth the effort.That's inconsistent with reality. Local currency exchange points are very common in Poland (because of how much the Polish enjoy job tourism, mostly). They need to freeze a few dozen thousand dollars to get things going, but it's a fairly safe business after that.
You probably need a fairly stable currency to do this.
If you can't demonstrate it, then you shouldn't believe it.
if we had a unified world government would currency even be necessary?
Quote from: Vauxhall on June 07, 2014, 07:18:10 PMif we had a unified world government would currency even be necessary?You still need some kind of abstract means of indicating wealth. Otherwise you're back to swapping sheep for hens for wood for corn for bricks for clothes etc