Author Topic: Bloomberg.com's Disinformation About Bitcoin  (Read 1818 times)

Offline pipthom

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Bloomberg.com's Disinformation About Bitcoin
« on: April 16, 2013, 12:47:33 PM »
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As we consider the digital-currency phenomenon that is Bitcoin, bear in mind that there are, broadly speaking, two accounts of the origin and history of money. One is elegant, intuitive and taught in many introductory economics textbooks. The other is true.

The financial economist Charles Goodhart, a former member of the Bank of England’s Monetary Policy Committee, laid out the two views in a 1998 paper, “The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas.”

The first view, the “M View,” is named after the Austrian 19th century economist and historian Karl Menger, whose 1882 essay “On the Origins of Money” is the canonical statement of an argument that goes back to Aristotle:

As subsistence farming gives way to more complex economies, individuals want to trade. Simple barter (eight bushels of wheat for one barrel of wine) quickly becomes inefficient, because a buyer’s desires won’t always match up with a seller’s inventory. If a merchant comes through the village with wine and all a farmer has to offer is wheat, but the merchant wants nuts, there’s no trade and both parties walk away unfulfilled. Or the farmer has to incur the costs of finding another merchant who will exchange wheat for nuts and then hope that the first merchant hasn’t moved on to the next village.
Source: http://is.gd/fDhic5
Source: http://www.thebitcoinchannel.com
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

Offline boitecom

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Re: Bloomberg.com's Disinformation About Bitcoin
« Reply #1 on: May 01, 2013, 07:42:38 PM »
Hey, guys. I’m confused. I’m hearing about paper money, plastic money, as well as digital and physical currencies. How can these new developments affect forex trading online ? Please, I need some explanation.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »
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Offline andyreynolds

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Re: Bloomberg.com's Disinformation About Bitcoin
« Reply #2 on: August 13, 2013, 10:18:15 PM »
like any new service, like any new thing, everybody has to considerate the good and the bad things, but when the future is arrive you cannot sleep, the digital money is here and is now  8) ;D

Offline mguzman0921

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Re: Bloomberg.com's Disinformation About Bitcoin
« Reply #3 on: October 01, 2013, 01:48:09 AM »
Sometimes people haven't even tried the service and they talk about it as if they did. In my opinion, e-currecies are great, they just need a little bit of time to get better  8)

Offline rossy

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Re: Bloomberg.com's Disinformation About Bitcoin
« Reply #4 on: October 02, 2013, 03:41:55 AM »
I have tried Bitcoin and Swiftcoin aswell, and I only see in them a lot of benefits for the new market.