Bitcoin Marketcap
$1.28T
Gold Marketcap
$16.64T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.28T
Gold Marketcap
$16.64T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
15 Nov 2012 | | Price when published: $11.09 (ROI since: +610,408%)
Filed under: fundamentals reports
Topics include:
- Understanding central banker psychology
- The original function of central banking
- Defending the monopoly of fiat money
- Institutionalizing fractional reserve banking
- Institutionalizing seigniorage
- What keeps a central banker up at night
- Early reaction to online competition (1996)
- Current CB reaction to online competition (2012)
- What they are up against now (2): radically different solutions
- Bitcoin is not backed by fiat money or by physical commodities
- Clearing of bitcoins happens decentralized in a P2P network
- Bitcoin can operate independently from the banking system
- Bitcoin clearing is ultra fast and cheap
- Money supply is automatically limited by the Bitcoin protocol
- Complete discretion is possible
- De facto international, allowing for even more discretion
- What is the real currency war?
With central banks around the globe well on the way of printing at least the present-day fiat currencies into oblivion, investors and fund managers likely do themselves a favor by keeping an eye on what is going on in the dynamic universe of decentralised cryptocurrency, whereโat least for the momentโBitcoin is the most prominent game in town.
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