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Author Topic: Terminology  (Read 78678 times)
aslam04
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March 19, 2013, 11:53:00 AM
 #381

My head just exploded
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7 Fingers
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March 19, 2013, 11:57:09 AM
 #382

This is a useful reference
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March 19, 2013, 12:01:09 PM
 #383

Good list to look at for new people! Thanks!

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March 19, 2013, 12:03:59 PM
 #384

mandem = gang terminology.
You_Know
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March 19, 2013, 12:07:04 PM
 #385

Good info, thanks!
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March 19, 2013, 12:26:15 PM
 #386

Thanks for the effort of summing it all up!
takinbo
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March 19, 2013, 01:00:43 PM
 #387

Thanks for the post. In deed, though I've been using bitcoins for almost two years and even been lurking on these forums for about that long, I realise that my education wasn't complete until I read this thread. This should definitely be on every newbie's reading list.
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March 19, 2013, 05:30:49 PM
 #388

thanks

I am an investor, entrepreneur, and CEO @BTC Inc http://www.linkedin.com/pub/david-bailey/22/641/b53 ...
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March 19, 2013, 07:46:21 PM
 #389

What does the term 'slippage' mean in this post?

I'm guessing it means transaction fees or time delay?

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March 19, 2013, 08:53:25 PM
 #390

What does the term 'slippage' mean in this post?

I'm guessing it means transaction fees or time delay?

Hi bubblesort,

I have added the following to the list;

Quote from: Terminology
'Slippage'
The difference between expected price and the price actually paid. Slippage often results when large trades are executed in a market with poor liquidity.
(See - Wiki: Slippage)

Thank you,

aorith
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March 19, 2013, 09:39:03 PM
 #391

Very useful list

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emorydunn
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March 20, 2013, 12:11:59 AM
 #392

That's a great list. I'm actually surprised by how much it clarified some stuff I didn't ow about economics in general, and not just Bitcoin.
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March 20, 2013, 12:31:24 AM
 #393

Perfect..need to make a screenshot or something  Cheesy
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March 20, 2013, 12:51:20 AM
 #394

tnx dude
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March 20, 2013, 03:32:11 AM
 #395

What does the term 'slippage' mean in this post?

I'm guessing it means transaction fees or time delay?

Hi bubblesort,

I have added the following to the list;

Quote from: Terminology
'Slippage'
The difference between expected price and the price actually paid. Slippage often results when large trades are executed in a market with poor liquidity.
(See - Wiki: Slippage)

Thank you,

Thanks!

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March 20, 2013, 01:02:46 PM
 #396

Great thread.
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March 20, 2013, 05:46:54 PM
 #397

Thanks for that
little-bit
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March 21, 2013, 12:04:46 PM
 #398

Nice list, very useful!
ForSaleByBitcoin
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March 21, 2013, 02:11:34 PM
 #399

I think this is confusing:

definition of Deflation:

The opposite of inflation, deflation is defined as a sustained decrease in the general level of prices for goods and services. It is measured as an annual percentage decrease. Currencies which are subject to deflation, such as the bitcoin, are described as being deflationary. As deflation rises, every bitcoin you own buys a larger percentage of goods and service.


Bitcoin is inflationary.  The money supply is increasing every ten minutes.  What you are seeing in the price run-up is not deflation of the currency.  It is the value of the currency increasing.

At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate.  Only at that point will Bitcoin be deflationary.
yogi
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March 21, 2013, 03:09:22 PM
 #400

Bitcoin is inflationary.  The money supply is increasing every ten minutes.  What you are seeing in the price run-up is not deflation of the currency.  It is the value of the currency increasing.

At some later date, off in the distance, bitcoin's creation rate (block reward) will be cut to the point where people losing or permanently destroying Bitcoins will exceed the creation rate.  Only at that point will Bitcoin be deflationary.

It's my understanding that deflation is a decline in the general price levels of goods and services, relative to a specific measure.  Although money supplied can affect deflation, it's not how it's measured.

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