Is Bitcoin a Real Currency? An economic appraisal NBER
Is Bitcoin a Real Currency? An economic appraisal NBER
Is Bitcoin a Real Currency? - ResearchGate
How bitcoin gained currency in Africa The Japan Times
Can Bitcoin be converted to real currency?
Is Bitcoin Real Money? Some Things You Need To Know
Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. If you are new to Bitcoin, check out We Use Coins and Bitcoin.com.
This is my pi profile, pi is a Crypto currency like bitcoin, unlike bitcoin pi doesn't need softwares and it can be simply mined on your phone. It's miners/pioneers are rapidly increasing by 2021 it will reach mainnet and will have real value, now there are 8m miners, join using my invitation code.
BTC real world uses, considering wider adoption & day to day use? is it becoming cost & time restrictive considering the expense ratio for small transactions? Will this have a impact on wider adoption and consumers.drift towards alternative currencies? (x-post from /r/Bitcoin)
People who say BTC is a store of value have no idea how Bitcoin first took off - because of Silk Road. Nobody in his right mind would have gambled on a coin which almost literally came out of thin air and wasn't used for anything, but actually having a use case made it a real currency.
One study estimated most of the of coins mined at the time (circa 2013) went through SR , so most of its use case was a currency - the complete opposite of what Core pushes it to be now.
It’s 2028 and 1 Bitcoin is worth 1 million US dollars. If a luxury home was worth 1 million US dollars back in 2019, what would you estimate that this same luxury home is worth in USD and in BTC now? Does hyperbitcoinization require hyperinflation of government currencies and real estate?
Just purchased at Bic Camera Japan with payment confirmed in minutes. Thanks Bitcoin! PSA: Don’t believe the FUD, Bitcoin works as a currency for the real world and Japan is going nuts for it. Now to apply for my drone license.....
"2009-2013 Everyone knows Bitcoin is a CURRENCY. 2014 IRS dictates that Bitcoin is a COMMODITY. 2014 Blockstream is formed and tries to morph Bitcoin into a COMMODITY. 2017: Every real Bitcoiner knows the IRS is wrong. Bitcoin is a CURRENCY and #BitcoinCash is the real Bitcoin."~Roger Ver
So, I just saw this on Steam: Bitcoin trading game. "This is a simulation of the digital currency trading game, the data is synchronized in real-time from online exchanges (such as: #GDAX , #BINANCE). You can learn how to trade digital currency in this game." Would you buy this?
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.
https://np.reddit.com/btc/comments/4r1jwk/maxwells_boss_and_christine_lagarde/ The man in the picture in the link above is Henri de Castries - chairman of the Bilderberg Group, and CEO of AXA, an insurance giant which has over half a trillion dollars in exposure to dangerous derivatives, and whose "investment arm" AXA Strategic Ventures is one of the main owners of Blockstream (ie, Gregory Maxwell is literally getting paid by the masters of the legacy ledger of fantasy fiat). If the new counterparty-free hard asset Bitcoin becomes a major world currency, then companies like AXA (and most other members of the Bilderberg Group) will lose tens of trillions of dollars since they will no longer be able to rule the world with their "legacy ledger" of debt-based "fantasy fiat" which they ninja-mine quantitatively-ease (QE) into existence out of thin air (which is why the fiat in your pocket and your bank account is worth less and less every year). This is the real reason why AXA is trying to quietly destroy Bitcoin, by "investing" in Blockstream and strangling the Bitcoin network with artificially tiny 1 MB blocks. As long as miners continue to use code with a tiny hard-coded artificial 1 MB "max blocksize" limit, imposed by the corrupt / incompetent Gregory Maxwell who is CTO of the AXA/Bilderberg-owned private company Blockstream, then Bitcoin volume and price will continue to be artificially suppressed. We need to liberate Bitcoin from the centralized control of Gregory Maxwell and AXA/Bilderberg/Blockstream/Core - which will remove the artificial 1 MB "max blocksize" - and then Bitcoin volume and price will again be free to rise to their natural levels, allowing Bitcoin to become a major world currency. The old posts below may be interesting for people who want to explore this further. Sorry for all these re-posts but there's not much new to say, and we've been saying it for months. And sorry for the tinfoil - but the people who "own" you (see this 3-minute George Carlin clip on YouTube) are probably never going to openly admit to you exactly how they manage to own you - so it makes sense that you might have to do a little digging to connect the dots yourself, perhaps along the following lines:
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?
So... The insurer whose "solvency" is most dependent on maintaining the fiction that the riskiest assets in Exter's Inverted Pyramid (derivatives) are actually worth something - is now paying the devs who write the code for the solidest asset in that pyramid (Bitcoin). What could possibly go wrong?
The owners of Blockstream are spending $75 million to do a "controlled demolition" of Bitcoin by manipulating the Core devs & the Chinese miners. This is cheap compared to the $ trillions spent on the wars on Iraq & Libya - who also defied the Fed / PetroDollar / BIS private central banking cartel.
The day when the Bitcoin community realizes that Greg Maxwell and Core/Blockstream are the main thing holding us back (due to their dictatorship and censorship - and also due to being trapped in the procedural paradigm) - that will be the day when Bitcoin will start growing and prospering again.
Bitcoin's market price is trying to rally, but it is currently constrained by Core/Blockstream's artificial blocksize limit. Chinese miners can only win big by following the market - not by following Core/Blockstream. The market will always win - either with or without the Chinese miners.
Bitcoin has its own E = mc2 law: Market capitalization is proportional to the square of the number of transactions. But, since the number of transactions is proportional to the (actual) blocksize, then Blockstream's artificial blocksize limit is creating an artificial market capitalization limit!
If Bitcoin is perceived as a bubble and not real currency by some countries, banks, and financial groups, why do they go out of their way to stop their customers/citizens from participating in it?
To me it’s analogous to stopping their citizens or customers from purchasing beanie babies (John Oliver). For me it seems unconventional for these institutions to try to control how you spend your money. If your customers or citizens are deciding to spend $8k (current BTC price) on something that the institution thinks is worth nothing, why don’t they do anything to stop their citizens from buying other things that are overly priced or which may hurt me financially? For example, I don’t see my country or bank telling me to stop buying iPhones and BMWs as I go deeper into debt. While it is the same, in that these things will never be worth more than what I paid (their current view of BTC). I guess one can argue I’m viewing BTC as an item or object, and these institutions are saying it’s an investment. But then where were they when the nation was buying overpriced homes? Is it any different than that of their customers and citizens having high expectations in 2007 when the institutions didn’t care, but that we have high hopes now with BTC and they do care? Edit - I’m not asking this to provoke a feeling of us against the institutions. I am looking for real answers. In hindsight I probably should have used a serious tag.
A man checks receipts after buying bitcoins with naira via a Bitcoin Teller Machine in Lagos. Monthly cryptocurrency transfers to and from Africa of under $10,000 (about ¥1.06 million ... Can Bitcoin be converted to real currency? September 07, 2020 08:14 PM AEST Edita Ivancevic ; Summary. As monetary policies keep progressing, currency in Bitcoin seems to have a bright future. With many efficient advantages, it is no wonder why investors find Bitcoin investment-worthy, mostly because all transactions can be made anywhere and anytime. There are many ways how Bitcoin can be ... A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer transaction volume, with an average well below one daily transaction for the few merchants who accept it. Its volatility is greatly higher than the volatilities of widely used currencies, imposing large ... This paper ultimately led to bitcoin's introduction in 2009. Some have argued that it is questionable whether bitcoin fits the economic definition of a real currency (Yermack, 2015, in Pak Nian ... bitcoin may be the best form of money we have ever used. The table below represents how bitcoin and cryptocurrencies, in general, compare to gold and sovereign currency as money.. Note: This chart doesn’t take into account that bitcoin has fungibility issues which make both gold and fiat better in that particular category. This is a problem that could be solved in the future if the network ...
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