Karl Denninger wrote a post back in April called BitCon, which was about why he believe that bitcoin won’t work.Jon Matonis offered a great response, but I wanted to elaborate in more detail on a few places that Jon may not have addressed.. Time preference and money supply. First let discuses time preference and social time preference. As Karl stated in his essay below: From Karl Denninger. ... Let’s say you “buy” Bitcoins (whether for cash or in exchange for a good or service you provide) at a time when they have a “value” of $5 each against the US dollar. You spend them when they have a “value” of $20 each. ... This never happens with a Bitcoin transaction — ever. As Karl Denninger explains, the amount of employed people as a percentage of the population hasn’t improved since 2008. So the economy hasn’t recovered a lot. Posted in capita , correlation , Denninger , Employment , employment-population , gdp , Greg , Hunter , Karl , population , ratio , real Take a look at bitcoin. It keeps forking into bitcoin classic, bitcoin cash RV, etc. Whoever is rich enough in fiat currency to own huge companies of miners and/or developers in Low cost countries gets the say in how the cryptocurrency proceeds. Let's assume that Joe buys bitcoin on Mt.Gox, and his dealer, upon receipt of said bitcoin, immediately sells it on the same exchange. Obviously, there's a pretty clear record of the transaction there. This would apply to anyone making any kind of transaction that uses bitcoin as a way to "anonymously" exchange fiat money via bitcoin.
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Los Angeles, CA- Welcome to the 1 Bitcoin show. Some say that the unknown is scary. In the Bitcoin overlay they unknown is exciting! In Italy it is a little easier to buy a little BTC. Prepare ... Los Angeles, CA- This show is dedicated to Bitcoin strong hander Tor (pictured in thumbnail)! Money printing gone wild. Halving on the horizon. ... Karl Denninger twitter- https://twitter.com ... Los Angeles, CA- This show is dedicated to Bitcoin strong hander Tor (pictured in thumbnail)! Money printing gone wild. Halving on the horizon. Power grabs, the virus, the Netherlands, Australia ... Asheville, NC- It is time to go way beyond Bitcoin! Check out all the links below to get an idea about more subject matters. I review the book "The Plot Against America". Move Hong Kong to ... Los Angeles, CA- Welcome to the 1 Bitcoin Show. Now that so many markets are volatile BTC does not seem as volatile as it once did to some investors. Where is all the Tether on exchanges going to ...