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Let's Talk Bitcoin! Episode 119... Wildcat Currency with Ted Castronova

Let's Talk Bitcoin! Episode 119... Wildcat Currency with Ted Castronova submitted by AdamBLevine to CryptoCurrency [link] [comments]

Bitcoin is built to deflate: The number of Bitcoins is finite, cap at 10.8M, causes deflation. Cash in any currency keeps getting printed, which causes inflation. Possible near-future BTC deflation is simply a market fluctuation. Do not fear!

Edward Castronova, a professor of telecommunications at Indiana University Bloomington, who has who pioneered the economic study of virtual worlds, doubts that Bitcoins will ever become a mainstream currency, however.
Castronova's scepticism stems from the way that Bitcoin is structured as a currency with a fixed size. "It just isn't very fun. We've learned from game currencies that people like a little inflation in their economies. But Bitcoin is built to deflate. And we've just seen, culturally, people don't like deflation."
Bitcoins, unlike the cash you have in your pocket, are finite. There are currently 10.8m Bitcoins in the system, and this will cap out at 21m coins by the year 2140, according to market research firm ConvergEx. Limiting supply has been a major plus for Bitcoins, and a major reason why prices have gone up.
Excerpts taken from The Guardian
If you want to find the original article type "Bitcoin: more than just the currency of digital vice" into Google and you will find it.
submitted by smith4321 to SilkRoad [link] [comments]

Bitcoin is built to deflate: The number of Bitcoins is finite, cap at 10.8M, causes deflation. Cash in any currency keeps getting printed, which causes inflation. Possible near-future BTC deflation is simply a market fluctuation. Do not fear!

Edward Castronova, a professor of telecommunications at Indiana University Bloomington, who has who pioneered the economic study of virtual worlds, doubts that Bitcoins will ever become a mainstream currency, however.
Castronova's scepticism stems from the way that Bitcoin is structured as a currency with a fixed size. "It just isn't very fun. We've learned from game currencies that people like a little inflation in their economies. But Bitcoin is built to deflate. And we've just seen, culturally, people don't like deflation."
Bitcoins, unlike the cash you have in your pocket, are finite. There are currently 10.8m Bitcoins in the system, and this will cap out at 21m coins by the year 2140, according to market research firm ConvergEx. Limiting supply has been a major plus for Bitcoins, and a major reason why prices have gone up.
Excerpts taken from The Guardian http://www.guardian.co.uk/business/2013/ma04/bitcoin-currency-of-vice
submitted by johny4321 to SilkRoad [link] [comments]

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Castronova's scepticism stems from the way that Bitcoin is structured as a currency with a fixed size. "It just isn't very fun. We've learned from game currencies that people like a little ... Motivi per acquistare Bitcoin oggi. Dom, 25/10/2020 - 22:19. Attualità . Vaticano: nominato il primo Cardinale afroamericano Attualità. Coronavirus, Coldiretti: eventuale chiusura alle 18 costa ... Bitcoin was developed in late 2008 by “Satoshi Nakamoto”. The nature of Bitcoin as a disruptive currency, payments system and asset, is juxtaposed against the potential for its transactional ledger, the blockchain, to usher in a revolutionary way of recording “digital truth”. The main contribution of this paper is to progress the debate around Bitcoin beyond the technical and towards ... Bitcoin, Ethereum, Ripple, Tron of Stellar? Cryptomunten worden anno 2019 beschouwd als een van de beste investeringsbeslissingen die je kunt nemen. Alessandro Castronovo en Vincenzo Fumarola zijn helemaal thuis in de vrij nieuwe en snelle wereld van digitale valuta. Uit de passie van het ondernemen startten Alessandro en Vincenzo een avontuur. “Noem het gerust een uit de hand gelopen hobby ... Biography []. Edward Castronova obtained a BS in International Affairs from Georgetown University in 1985 and a PhD in Economics from the University of Wisconsin–Madison in 1991. In between, he spent 18 months studying German postwar reconstruction and social policy at universities and research institutes in Mannheim, Frankfurt, and Berlin.From 1991 to 2000, he worked as an Assistant and ...

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Wildcat Currency with Ted Castronova - Let's Talk Bitcoin Episode 119

Check out our podcast: https://bit.ly/2HkV85n Want to start a Global Language channel? Apply here: https://www.charismaoncommand.com/ytflc/ Subscribe to Char... Jackie Carey English Benefit Demolition Derby 45 Car Compact Feature. Riding alongside the #025 car. This video is unavailable. Watch Queue Queue. Watch Queue Queue Edward Castronova spoke to a Noblis Technology Tuesdays audience in July to complete the series on Bitcoin currency. The title of his presentation was "Wildcat Currency How the Virtual Money ... Cryptocurrency news and entertainment. I cover the latest events in Bitcoin, Ethereum, Ripple, Litecoin, and various other projects in the crypto space. I am not a financial adviser, please invest res

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