Zim > “And, I look at bitcoin as being more 'Fiat' than any other currency on the planet.”
Decomposed > 'Fiat' means 'currency made legal tender by government decree.'
Yes.
And, I was corrected. It also seems some countries are accepting BitCoin as legal tender.
>>>
What is the real value of a bitcoin?
http://theconversation.com/what-is-the-real-value-of-a-bitcoin-96386
One of the hot questions regarding the bitcoin since the first ones were created in January 2009 is its real value. According to Warren Buffett, the most influential investor in the world, the answer to this question would be: not much.
We will try as well to answer to this question using two concepts in economics and finance: minimal (or residual) value and Ponzi schemes. The minimal value approach is a prudent approach. Under this approach we would like to know what value remains when everything goes wrong as in cases of market disruption or economic crisis.
Value as a currency or value as an investment?
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(Article does continue. Zim.)
Mad Poet Strikes Again.
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