By Detlev Schlichter of DetlevSchlichter.com Friday, July 11, 2014 3:31 PM EDT Lately Bitcoin has met with a reception that ranged from sceptical to outright hostile. ... (Mt. Gox, Bitstamp, Coinbase, and many others), bitcoin ‘wallet’ providers, payment services, etc, etc. Bitcoin shares with today’s electronic money that represents items on bank balance sheets the feature of immateriality. But in every other aspect it is much closer to gold: Bitcoin’s supply is strictly limited and inelastic, just as is the case with gold. Bitcoin has no issuing authority that benefits from a money-creation monopoly. The Bitcoin equities, if we can actually point at any stocks and call them that, maybe OSTK, NVDA, possibly RIOT, don’t seem to be confirming the move. When that happens in precious metals it usually means the rally is a head fake or destined to stall out. Any other “Bitcoin equities” have been ground all the way down into penny stock dust. (Bitcoin is a medium of exchange that only exists in the virtual world. DS) They are stored in anonymous “electronic wallets,” described by a series of about 33 letters and numbers. Bitcoins can travel from a wallet to a wallet, by means of an online peer-to-peer network transaction. This thinker is Detlev Schlichter, and he uses the history of paper money to support this argument. In this article, we will explore Schlichter’s argument and determine whether or not it adequately explains the origin of Bitcoin value. The Origin of Money By World Imaging [CC BY-SA 3.0], via Wikimedia Commons
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Bienvenue sur la chaîne YouTube de Boursorama ! Le portail boursorama.com compte plus de 30 millions de visites mensuelles et plus de 290 millions de pages v... Das Portal für Systemhäuser, ITK-Händler und Distributoren: Business-Tipps, Technologie-Trends, Channel-News und strategische Ratgeber. In the second half, Max talks to the author of Paper Money Collapse, Detlev Schlichter of DetlevSchlichter.com, about ECB policy, the gold battle between Chinese housewives and Wall Street. This playlist contains all GoldMoney podcasts starring Alasdair Macleod, Dominic Frisby and Andy Duncan. For tutoring please call 856.777.0840 I am a registered nurse who helps nursing students pass their NCLEX. I have been a nurse since 1997. I have worked in a...