Joey Shabadoo
My pronouns are "He", "Him" and "buggerlugs"
Is it viable to run a country on a virtual currency?
http://www.bbc.co.uk/news/world-latin-america-42217798
http://www.bbc.co.uk/news/world-latin-america-42217798
What The Actual F..?Is it viable to run a country on a virtual currency?
http://www.bbc.co.uk/news/world-latin-america-42217798
Ha ha - what fundamentals?!
Will you take payment in shares? I've got some in an outfit called The South Sea Company.Anyone fancy buying a few tulip bulbs off me?
It's small-scale retail investors speculating on it's continuing appreciation that is driving the price up. I'm not convinced the fundamentals support the current price
I hope your investment is successful, but in a speculative market (ie. hoping someone will buy it off you for more than you paid, who in turn hopes to do the same) it is prone to change in sentiment and a crash
Anyone fancy buying a few tulip bulbs off me?
All currencies are bubbles, aren't they?You've got to remember that "real money" isn't real anything. It's a convention that allows you to swap it for goods and services
Crypto currencies are exactly the same. It's just that they aren't issued by a government.
My only comment re buying bitcoins is that the current market and the way bitcoins are being promoted displays many of the characteristics of a bubble
My main problem with bitcoin is that a lot of the mining now seems to be done with stolen resources from server break-ins, as it's currently more profitable than spamming but less risky than ransomware.Banner ad at the top and bottom of the page is for a Bitcoin investment company...
Probably because we’re talking about them..Banner ad at the top and bottom of the page is for a Bitcoin investment company...
Apparently they are big news in Africa now where people don’t have easy access to banks, you can keep your electronic wallet on your smart phone and undertake transactions in seconds.
If it looks like a bubble, behaves like a bubble, then there's a fair old chance it's a bubble.