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July 09, 2018, 04:53:45 PM
Last edit: July 09, 2018, 05:04:40 PM by franky1 |
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funded by eToro.... laugh number 1
why?
well
a. E-toro do not actually trade crypto. they GAMBLE/BET on prices of crypto. (you cannot deposit/withdraw actual crypto)
b. a science paper funded by a site that wants people to gamble.. what do you expect the content of the paper to have
c. if its really a science paper. wheres th science. all i read was spculative opinion
d. the paper proclaims that bitcoin is NOT a medium of exchange and not a unit of account. but twists the narrative arround by saying the one thing it is.. which is store of value
my car is a store of value. so is beer. so is many things. so the paper has little merit to excite people that have been involved in bitcoin for 6+years
bitcoin WAS a also a medium of exchange until devs changed a few of the rules.
e. the paper fails. because early forms of money were to REPLACE barter. EG instead of negociating 1 loaf of bread for a bushell of veg.. money came in to equalise the playing field and set certain standards of stability.. basically removing negociation by having things sold at set amounts measured in a set unit of measure.
EG barter. loaf of bread value could vary. 1 horse shoe could get 10 loaves of bread for the blacksmith or a bushel of veg could get a loaf for the farmer.. it varied. and was negociated.
EG money.. a loaf of bread is 1 copper/tin penny for everyone no matter what thier job is.
kinda strange for economists to not know the basics of monetary history.
f. the paper does use buzzwords like store of value, medium of exchange and unit of account. but doesnt really do the adequate rsearch of HOW. it just says "if could do x, y in z years"
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