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Title: [2014-11-27] CD: Citi Chief Economist: Bitcoin is Closest Commodity to Gold Post by: LiteCoinGuy on November 27, 2014, 05:44:52 PM Citi Chief Economist: Bitcoin is Closest Commodity to Gold
Gold is a commodity like bitcoin and other cryptocurrencies, Citi's chief economist argues in a research note published yesterday, ahead of a Swiss vote that could cause the global gold price to spike. http://www.coindesk.com/citi-chief-economist-bitcoin-closest-commodity-gold/ Title: Re: [2014-11-27] CD: Citi Chief Economist: Bitcoin is Closest Commodity to Gold Post by: vipgelsi on November 27, 2014, 05:48:04 PM Gold and bitcoins gotta love them.
Title: Re: [2014-11-27] CD: Citi Chief Economist: Bitcoin is Closest Commodity to Gold Post by: bitbouillion on November 27, 2014, 06:07:35 PM http://willembuiter.com/gold2.pdf (http://willembuiter.com/gold2.pdf)
Quote "bitcoin, a fiat virtual currency." What world is Bruiter living in? Title: Re: [2014-11-27] CD: Citi Chief Economist: Bitcoin is Closest Commodity to Gold Post by: bitbouillion on November 27, 2014, 06:58:16 PM Quote Bitcoin too is costly to produce (to ‘mine’, using high-powered servers that could be doing other, more useful things instead, using energy both to keep the servers running and to cool them). Quote The algorithm governing Bitcoin is supposed to set an absolute upper limit 21 million bitcoin units, although anything that can be programmed can be reprogrammed. Quote Counterfeiting (gold painted lead ingots) are of course a risk (as it is with paper currency and, for all we know, with Bitcoin). Quote Bitcoin is not anonymous, because every unit of Bitcoin is held in an electronic ‘wallet’, which has a clear and, in principle, identifiable owner. Quote It is possible to hide (through encryption) the identity of the current beneficial owner of a Bitcoin wallet, just as it is possible to hide the identity of the beneficial owner of a bank account behind an array of corporate, trust or personal fronts. willembuiter.com/gold2.pdf (http://willembuiter.com/gold2.pdf)Willem Buiter +1-212-816-2363 willem.buiter@citi.com http://willembuiter.com/buiter.jpg Anyone to comment on this? Title: Re: [2014-11-27] CD: Citi Chief Economist: Bitcoin is Closest Commodity to Gold Post by: goxed on November 28, 2014, 12:37:41 AM In another news :Dutch move 122 tons of gold out of US http://www.cnbc.com/id/102206925#. (http://www.cnbc.com/id/102206925#.) :) In the future, it might be "Dutch move pvt-keys to 122,000 bitcoins out of US using two brain wallets :)"
Title: Re: [2014-11-27] CD: Citi Chief Economist: Bitcoin is Closest Commodity to Gold Post by: bitbouillion on December 09, 2014, 05:34:03 PM Buiter becomes Senior Fellow of the CFR.
http://www.cfr.org/experts/world/willem-h-buiter/b19087 |
