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Title: I fell on this, would it be accurate Post by: CoolIT on December 06, 2013, 04:04:39 AM I seriously apologies if this is silly, I am reading this and found it interesting.
It's a study about bitcoins, I wonder if it's accurate. https://s3.amazonaws.com/s3.documentcloud.org/documents/885843/banks-research-report-on-bitcoin.pdf I am a miner for a bit, but I never really studied or deeply looked into the if's and whats about how bitcoin really works. Please excuse me if it's silly. My experience is mining bitcoins since 2011 and didn't really play my cards right but still doing it for fun and now considering the high risk of pre-ordering some bew ASIC miners. I am also very curious about it's accuracy because I fell on this link... from the trollbox of btc-e... and that box of entertainers burns braincells in my opinion. Title: Re: I fell on this, would it be accurate Post by: Mylon on December 06, 2013, 04:13:31 AM Well if its from btc-e trollbox it should say enough... either way I'll have a read and decide for myself. :) I'll let you know.
EDIT: Above is a must read, very in dept economic view of bitcoin. Title: Re: I fell on this, would it be accurate Post by: MoonShadow on December 06, 2013, 04:19:55 AM Wow, this is really well done. Thanks for the link. I've not read it all, obviously; but from what I've read thus far, it appears to be very well researched and a balanced assessment of Bitcoin as a financial investment asset. Whoever wrote it groks Bitcoin on a deep level in the Economic sense.
Title: Re: I fell on this, would it be accurate Post by: MoonShadow on December 06, 2013, 04:26:26 AM From the article...
Quote Conclusions We believe Bitcoin could become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money-transfer providers. As a medium of exchange, Bitcoin has clear potential for growth, in our view. There is much speculation that Bitcoin may help avoid high taxes, capital controls, and confiscation. The correlation between CNY's share of volume of all Bitcoin exchanges and price of Bitcoin is rising. That said, the fact that all Bitcoin transactions are publically available and that every Bitcoin has a unique transaction history that cannot be altered may ultimately limit its use in the black market/underworld. Bitcoin’s role as a store of value can compromise its viability as a medium of exchange. Its high volatility, a result of speculative activities, is hindering its general acceptance as a means of payments for on-line commerce. Is Bitcoin a bubble? Assuming Bitcoin becomes (1) a major player in both ecommerce and money transfer and (2) a significant store of value with a reputation close to silver, our fair value analysis implies a maximum market capitalization of Bitcoin of $15bn (1BTC = 1300 USD). This suggests that the 100 fold increase in Bitcoin prices this year is at risk of running ahead of its fundamentals. I think that, overall, it's an excellent assessment of near term investment risks. Title: Re: I fell on this, would it be accurate Post by: Mylon on December 06, 2013, 04:37:39 AM Wow, this is really well done. Thanks for the link. I've not read it all, obviously; but from what I've read thus far, it appears to be very well researched and a balanced assessment of Bitcoin as a financial investment asset. Whoever wrote it groks Bitcoin on a deep level in the Economic sense. Yes, I just finished reading this and I am also truly impressed. Whether his conclusions are right or not, doesn't really matter, the insight is great.Title: Re: I fell on this, would it be accurate Post by: bigassboy on December 06, 2013, 09:54:33 AM great article, we will see if it is a bubble hopefully in the near future
Title: Re: I fell on this, would it be accurate Post by: hilariousandco on December 06, 2013, 10:58:36 AM Yeah, great read. Thanks for the share.
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