Bitcoin; Markets; Equities; Further reading. Elsewhere on Tuesday, - “Internal devaluation” via falling wages is incredibly costly — but Greece has been paying incredible costs. - In Greece ... The value of a bitcoin in satoshi was decided by Satoshi Nakamoto to be 100 million no later than November 2008. On November 15, 2010, ribuck proposed that the one hundredth of a bitcoin (0.01 BTC) be called a Satoshi. Four months later he instead suggested that the one hundred millionth unit be called an austrian or a satoshi. The name satoshi caught on, and was widely adopted thereafter ... the value of those wages and obligations in terms of actual goods and services •In the US, you could have effectively hedged your anticipated needs of real goods and services by saving US dollars at any time over this period. •If you had stored value in BTC during January 2014 to cover Thus Bitcoin is inferior as a store of value versus the US Dollar, the Euro, the Yen, etc. It is far more volatile versus goods and assets that one might want to buy, and goods and liabilities that one might want to fund. Now as an aside, the same thing happens in hyperinflationary economies. Merchants have to change their prices frequently, because the currency is weak. Often another currency ... Bitcoin has value outside of the equations above which could be considered a ‘transmissibility premium’ whereby I can send a bitcoin to a given address within a matter of hours. That’s faster than most money transfer mechanisms available to consumers. I think that alone creates a demand, even if people are mainly willing to pay that premium for illegal activities. I can still go to Gyft ...
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Steve Waldman speaks on valuation of cryptographic assets. He helps you think how to design assets whose values, which are likely to change over time, offer the valuations and exposures you desire ... ⚫️Robert Kiyosaki Live: Future of Crypto, Bitcoin BTC Halving 2020 Robert Kiyosaki 58,511 watching Live now Marty Lobdell - Study Less Study Smart - Duration: 59:56.