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Author Topic: BitCoin can eliminate the age-old problem of trade imbalances.  (Read 662 times)
marcus_of_augustus
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February 11, 2014, 10:37:14 AM
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Trade imbalances that can lead to financial instability, crises, economic misery and finally warfare have been around as long as the humans have formed trading collectives, blocs and nation states.

A common settlement system without borders, or a indeed even a physical manifestation, has no ability to precipitate an imbalance because it does not exist, in one location or the other, only on the blockchain which is a shared resource common to the trading entities.

BitCoins not bombs.

Govts will hate bitcoin because it cuts them out of the war business, of course they will try to regulate it.

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February 11, 2014, 10:23:28 PM
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only on the blockchain which is a shared resource common to the trading entities.

The Euro is a shared resource.
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February 11, 2014, 10:57:39 PM
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A trade imbalance exists where one cohort is importing goods and services to a value greater than the value of goods and services it exports.  Currency and nation states are only really boundaries around where the accounting is defined.  Example, there are trade imbalances within the Eurozone.  Throw a boundry round any geography or population and you can calculate a trade imbalances: they are inevitable.  And probably don't really matter much.
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February 12, 2014, 12:34:27 AM
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Throw a boundary round any geography or population and you can calculate a trade imbalances: they are inevitable.  And probably don't really matter much.

All evidence to the contrary.

Is bitcoin not a good or a service? The point being it is impossible for it to accumulate inside one arbitrary boundary or another because it exists outside that realm. Gold for instance does pile up in one State or another, and provided the cause of many a war over the centuries. Saying they don't matter very much is just ignorant absolutism without any grounding in observational evidence.

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The Euro is a shared resource.
In Europe only, bitcoin is global, i.e. without boundary.


(This forum has really gone to the dogs .... btw)

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February 12, 2014, 07:38:39 PM
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Throw a boundary round any geography or population and you can calculate a trade imbalances: they are inevitable.  And probably don't really matter much.

All evidence to the contrary.

Evidence to the contrary of which bit?  Either way, lets try another way:

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A common settlement system without borders, or a indeed even a physical manifestation, has no ability to precipitate an imbalance because it does not exist

My point is the imbalance will still exist.  The obvious and well known example is the Eurozone where there is a common settlement without borders but imbalances remain between the nations, say between Germany and Greece.  The imbalance exist within countries too, i'm mindful of the north/south divide in the UK, and most (all?) countries have their rich and their poor regions, it's just not often discussed.  Bitcoin would only provide a different currency in which to account for and measure the imbalance.  Country A would export BTC1Billion of goods and services to country B, while importing BTC700Millon from the same.
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