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JorgeStolfi
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January 13, 2015, 03:24:49 AM |
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What would the price be if bitcoin were used as the agent for clearing international trade?
I don't know how much space there is for bitcoin in that field. In large trades the two parties know each other and are backed by their respective countries, so they can rely on mutual trust (if one party defaults, that country's trade suffers) or trust in a third party (UN, WTC, International Court, US Navy, etc.). Also, much of that trade seems to be done on credit anyway. And volatility is going to be a big problem: one can forgive a 5% loss in a 20$ purchase, not so much in a 2 billion $ purchase. We would have to wait for some examples of such use, before we can guess its potential growth. China importing 10 million frozen pizzas from Italy perhaps? |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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inca
Legendary
 Offline
Activity: 1176
Merit: 1000
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January 13, 2015, 03:28:32 AM |
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Huge volume titanic fight for 250
Huobi doing fuckall. Faaaake.
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dspair
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January 13, 2015, 03:29:16 AM |
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At least we aren't Litecoin.
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Walsoraj
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January 13, 2015, 03:29:42 AM |
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Next support level is $65.
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camolist
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January 13, 2015, 03:29:55 AM |
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Wait. I thought Bitcoin never went below the previous bubbles high....
^ people around me keep pointing out how it is crashing hard... i'm like..it's ~$250 i got it for $5 i wish more of my stock picks would crash this bad |
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DaRude
Legendary
Offline
Activity: 2789
Merit: 1816
In order to dump coins one must have coins
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January 13, 2015, 03:32:13 AM |
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blah blah please ignore me
Wow you're the first person on my ignore list due to your very first post CONGRATS! |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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January 13, 2015, 03:32:25 AM |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 13, 2015, 03:35:19 AM |
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For every seller, there is a buyer!
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BTCtrader71
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January 13, 2015, 03:37:14 AM |
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Freddie King, Going Down. Never heard that song. It certainly fits. How about this one by Aerosmith: Love in an elevator, livin it up as I'm going down
Edit: fixed the link, added the lyrics |
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blade87
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January 13, 2015, 03:37:59 AM |
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blah blah please ignore me
Wow you're the first person on my ignore list due to your very first post CONGRATS! Are you sure I can't change your mind? I'll trade you 1 bitcoin for a beanie peace bear...  Hey now those still might actually 10x their $1 current day value in 2050+. I'm bullish on Beanie Babies. |
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abercrombie
Legendary
Offline
Activity: 1159
Merit: 1001
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January 13, 2015, 03:38:43 AM |
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Tom Petty and his BTC Soundtrack of greatest hits:
"Free Falling"
"Don't Do Me Like That"
"You Wreck Me"
"Runnin' Down a Dream"
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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January 13, 2015, 03:41:03 AM |
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Stop trolling retards, this is serious.
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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January 13, 2015, 03:41:50 AM |
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What would the price be if bitcoin were used as the agent for clearing international trade?
I don't know how much space there is for bitcoin in that field. In large trades the two parties know each other and are backed by their respective countries, so they can rely on mutual trust (if one party defaults, that country's trade suffers) or trust in a third party (UN, WTC, International Court, US Navy, etc.). Also, much of that trade seems to be done on credit anyway. And volatility is going to be a big problem: one can forgive a 5% loss in a 20$ purchase, not so much in a 2 billion $ purchase. We would have to wait for some examples of such use, before we can guess its potential growth. China importing 10 million frozen pizzas from Italy perhaps? Mmmmmmmm, pizza........ |
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Wandererfromthenorth
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January 13, 2015, 03:42:23 AM |
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Freddie King, Going Down. Never heard that song. It certainly fits. How about this one by Aerosmith: Love in an elevator, livin it up as I'm going down
Edit: fixed the link, added the lyrics Nice  Go ahead folks, it's time for a CRASH soundtrack, give it your best shot  |
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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January 13, 2015, 03:43:52 AM |
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price breaks long term trendline - difficulity is increasing by ~10%  /edit This is the end |
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Poll
