Bitcoin Forum

Economy => Economics => Topic started by: jubalix on April 15, 2014, 10:38:26 PM



Title: Retail NOT= BTC price improveing much. Amazon, etc not that important
Post by: jubalix on April 15, 2014, 10:38:26 PM
The real value is not in retail. Essentially you buy depreciating good from retails outlets, of small value that are thrown away.

As a sector, retail is worth around about 6% of US GDP.

This angst over Amazon, Walmart, <insert retailer of angst here> is misplaced.

In fact I would be careful what you wish for.

The Real value is in appreciating asset purchase, backbone currency.


I do however add I think the "recognition factor" of retail outlets is > than 6% GDP.


Title: Re: Retail NOT= BTC price improveing much. Amazon, etc not that important
Post by: Arghhh on April 16, 2014, 02:14:52 AM
Fuck retail, 18 trillion in Wall Street and 30 trillion in offshore assets is where its at.



Title: Re: Retail NOT= BTC price improveing much. Amazon, etc not that important
Post by: greenlion on April 16, 2014, 04:22:29 AM
I think that's a good point, the store of value angle to a large extent bootstraps acceptance.