Bitcoin is not the only currency that has no intrinsic value. State monopoly currencies, such as the U.S. dollar, the euro, and the Swiss franc, have no intrinsic value either. “They are fiat currencies created by government decree. The history of state monopoly currencies is a history of wild price swings and failures. This is why decentralized cryptocurrencies are a welcome addition to the ... Bitcoin's intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no ... Hackers stole 7,000 bitcoin from major cryptocurrency exchange Binance, the platform said. They used a variety of methods to carry out the “large scale security breach," according to the exchange. TL;DR: The author of The Bitcoin Standard, Saifedean Ammous, will argue for bitcoin as a medium of exchange in a debate against The Cato Institute’s George Selgin at the Soho Forum in New York. It will be an odd juxtaposition for Ammous on Monday, August 12th, 2019, who famously urges the hodl, store of value position. Diskutanten waren George Selgin, Direktor des Zentrums für monetäre und finanzielle Alternativen des Cato Instituts und der Ökonom Saifedean Ammous, Autor des Bestsellers “The Bitcoin Standard: The Decentralized Alternative to Central Banking (2018)”. St Andrews Cathedral, St Andrews Scotland (image courtesy of photoeverywhere) Twelve years ago today, on Halloween 2008, exactly 491 years after Martin Luther nailed his theses to the door of Wittenberg Castle Church, the idea of Bitcoin was born. More accurately, you could say it was baptized. The network itself wouldn’t exist in a truly […] Bitcoin works in ways that are not short-term expedient, but pay dividends in the final analysis. Of course, a protocol-derived pool of rewards with which to pay developers would have been much more convenient, but it would have completely undermined the political neutrality of the monetary system,” he writes. Podcast corner. History of Central Banks George Selgin, director of the Cato ... Arguing for the affirmative was Selgin, whose books include Less Than Zero: The Case for a Falling Price Level in a Growing Economy (2018) and Floored! How a Misguided Fed Experiment Deepened and Prolonged the Great Recession (2018). Ammous argued for the negative. An associate professor of economics at Lebanese American University, Ammous is also teaching an online course in bitcoin and ... Bitcoin works in ways that are not short-term expedient, but pay dividends in the final analysis. Of course, a protocol-derived pool of rewards with which to pay developers would have been much ... Ist Bitcoin digitales Gold oder doch eine Weltwährung? Diese und mehr Fragen diskutierten George Selgin und Saifedean Ammous beim Soho Forum in New York City. Jeder hat es schonmal in irgendeinem Mainstream-Medium gelesen: “Bitcoin ist nicht dazu geeignet, nationale Währungen zu ersetzen”.
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