Global Demand for Bitcoin Shifts Wildly in Response to Regulation

Re:Global Demand for Bitcoin Shifts Wildly in Response to Re... by Beejeepa on Thursday October 12, 2017 @11:27PM (#15463070)

Yeah, nothing new about a permissionless digital-signature-secured decentralized currency being rapidly monetized in an age of global stagnation and quantitative easing / printing money.

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Re:Global Demand for Bitcoin Shifts Wildly in Response to Re... by nwah1 on Friday October 13, 2017 @09:26AM (#15465381)

So you can use this for what? Btw, I don't think you know what quantitative easing is. Explain to me why the value of USD remained strong all throughout the period of supposed money printing.

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Re:Global Demand for Bitcoin Shifts Wildly in Response to Re... by Beejeepa on Friday October 13, 2017 @09:38AM (#15465489)

Because it hasn't fallen yet. It will. The Federal Reserve is insolvent. As the dollar falls from global usage, it can't buy all the real assets necessary to stabilize the dollar using printed money that no one wants.

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Re:Global Demand for Bitcoin Shifts Wildly in Response to Re... by nwah1 on Friday October 13, 2017 @09:59AM (#15465699)

Quantitative easing is not money printing, and the Federal Reserve pays about 100 billion dollars in profit annually to the US Treasury.

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Re:Global Demand for Bitcoin Shifts Wildly in Response to Re... by Beejeepa on Friday October 13, 2017 @09:52AM (#15465641)

What can you use Bitcoin for? What year are you from, 2012?

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Re:Global Demand for Bitcoin Shifts Wildly in Response to Re... by nwah1 on Friday October 13, 2017 @09:58AM (#15465690)

I have never heard a coherent value proposition that justifies thinking of bitcoin as an asset.

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