Bitcoin miner - page 7
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
I think you have gone too far here. The rouble is not even close to depending on the dollar, and has not spun around but only depreciated. So far the ruble's road has only been one way.
That is why I wrote about the government's mistakes in particular.
I think you have gone too far here. The rouble is not even close to depending on the dollar, and has not spun around but only depreciated. So far the rouble has only gone one way.
It feels like "experts" on financial markets have fallen to this forum from the moon.
There is a lot of popular education literature on how the financial system is organised globally and in each individual country.
There are video lectures on youtube, for instance Katasonov explains a lot.
If you dislike academic, specialised literature, read or listen to Starikov who illustrates clearly for the slowest of us all what and how and why.
If there are no authorities for you -- "whiskers, paws, the tail of Matrosskin's cat" is only an authority -- then even the grave will not fix the hump.
...
The functions of money:
-- a measure of value
-- a medium of exchange
-- a means of payment
-- a means of saving and accumulation
-- world money
Cryptocurrency fulfils none of these functions. Cryptocurrency is not money; it has never been money and never will be.
...
If you do not like educational, special literature - read or listen to Starikov - he already "on his fingers" for the dullest super-explains what and how and why.
You, with your recommended Starikov for enlightenment, have discrepancies:
Starikov says that there is no difference between bitcoin and dollar - they are means of payment.
You, with your recommended Starikov for enlightenment, have discrepancies:
Starikov says there is no difference between bitcoin and the dollar - they are a means of payment.
Read carefully what I have said:
... There is plenty of popular educational literature on how the financial system of the world and of each country is organised.
... read or listen to Starikov...
Where is bitcoin?
The modern international monetary system is the Jamaicanhttps://ru.wikipedia.org/wiki/Ямайская_валютная_система
Bitcoin does not fit in here and is not money/currency.
...
I speak of Thomas, you speak of Eremia...
You wrote that bitcoin performs none of the functions you mentioned. And your recommended one for the "dumbest" Oldikoff says it does at least one, that like the dollar, it is a means of payment.
Frankly speaking, I don't understand why you ignore that bitcoin is a means of payment. It's obvious.
I'll tell you about the Thomas, you tell me about the Erem...
You wrote that bitcoin does not perform any of these functions. But Starikov, recommended by you for "the dullest", says that it does, that it, like the dollar, is a means of payment.
Don't substitute concepts. Add the word "legal" to Starikov's "means of payment" and you will understand what Starikov is talking about.
Also a question for you: what is "means of payment"? 100% guarantee you don't know the answer.
There are "means of payment" and there are "means of circulation". What is the difference between them?
If bitcoin has a function of "means of payment" in some particular cases, bitcoin cannot even theoretically be a "means of payment" due to its wild volatility.
Means of exchange is T-D.
Means of payment is T-O-D, where O is a deferral.
p.s. Okay, I've had enough of the lickety-split. There's at least Wikipedia. The functions of money are listed above. I'll say it again:
-- a measure of value
-- a medium of exchange
-- means of payment
-- a means of saving and accumulation
-- world money
Type each of those functions into a search engine and figure out what's what.
...
Now there is a free interpretation of Starikov and accusations of substitution of notions :)
And all this just to avoid admitting my obvious blunder in initially stating categorically that "crypto performs none of these functions" :)
Now there's a free interpretation of Starikov and accusations of a substitution of notions :)
And all this just to avoid admitting your obvious blunder in the original categorical statement that "crypto performs none of these functions" :)
Don't attribute any of my words to some far-fetched heresy.
Cryptocurrency performs none of the functions of money. Why not - explained in detail above.
If a craftsman repairs the television set and she gives him borscht as payment, is the borscht now money?
Just because you can exchange cryptocurrency for digital money in exchange offices -- that does not make cryptocurrency money.
That's it. Hi.
...
Do you think the name "alternative money" applies to bitcoin? I've started watching your recommended Katasonov, he calls bitcoin "one kind of alternative money".
Do you agree with this definition by the MGIMO professor? Or in your picture of the world everything is rigid - there is "money" - there is "not money", there is no alternative money and there can't be?
Cryptocurrency performs none of the functions of money. Why not - explained in detail above.
You just mentioned above that it performs one function :)
...
If bitcoin in some particular cases performs a function of "means of circulation", bitcoin cannot even theoretically be "means of payment" because of its wild volatility.
...
But for some reason you keep saying that it performs none.