If they want to reduce the stock of Bitcoin in circulation, to tighten monetary policy, they simply buy Bitcoin (in exchange for Topics: Nick Rowe considers the following as important: Macro, Monetary Policy, Nick Rowe This could be interesting, too: John H. Cochrane writes Target the spread? Bradford DeLong writes DeLong Debt Memo: Nov 24, · Rowe Tweeted. For more information or media inquiries about the SHEMA97 Functional Active Mask, please contact Dana Marquez at or @timberlandschuheherren.de Nick, I have a question that maybe you can answer. I apologize in advance if it is a dumb question. I have been thinking about the fact that Bitcoin is infinitely divisible, i.e. you can set a price of 1 Bitcoin, Bitcoin, , , , and so on.
Nick rowe bitcoinBringing back the Somali shilling | IndoCoin
Does Bitcoin rely on the internet? Ask Question. Asked 9 years, 1 month ago. Active 6 years, 3 months ago. Viewed 2k times. Is it possible to run Bitcoin mining and transaction distribution without using the internet? For example, how would Bitcoin continue in the event of a total clampdown by a telco?
Nick ODell Gary Rowe Gary Rowe 7, 3 3 gold badges 30 30 silver badges 59 59 bronze badges. Keep in mind that there is a difference between an individual or region not being able to make a spend transaction and be current with the blockchain versus Bitcoin network being vulnerable to regional disruptions.
Active Oldest Votes. Dominic Tancredi 3 3 silver badges 11 11 bronze badges. ThePiachu ThePiachu Except for the fact that physical coins can be counterfeited. Well, yes, but the Bluetooth network could probably loose connection to the main Bitcoin network easier, than someone counterfeiting the coins. If someone knows exactly how much bandwidth Bitcoin uses offhand, I think it would be interesting to connect a client via AMPRNet - even if only as a proof of concept.
It'd have to be very minimal perhaps a selfish client? Juraj Juraj 1 1 silver badge 4 4 bronze badges. Bitcoincard offers some very exciting possibilities. Thanks for adding it. Sign up or log in Sign up using Google. Sign up using Facebook. Sign up using Email and Password. Post as a guest Name. Value is subjective. Don't get muddled by accounting. It's just a way for me to keep track of how many cars I own. Just like a supermarket keeps a record of how many cans of beans it has on the shelf.
Update: Anwer Khan deepwatrcreature Tweeted: "it is net wealth due to the network effect. The surplus goes to those who establish the network, e. And I replied "Yes. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Summary: Take Bitcoin for example. I suppose you could say "it is a liability to the whole community of those who accept Bitcoin in exchange for goods".
Here's the right way to think about it. It's quite simple really. Very basic economics. Suppose I sell you my car for , That would only happen if I value my car at less than ,, and you value my car at more than , Suppose I sell you a bit of paper on which I have written "I promise to pay the owner of this bit of paper 0 on 9 December signed Nick Rowe". Cochrane writes Unintended consequences John H. Loanable Funds Redux. Presidents: do you get what you pay for? Can the Great Barrington proposal save the economy?
Nick Rowe. Full story here. Are you the author? About Nick Rowe. My articles My books Follow on: Twitter. Leave a Reply Cancel reply Your email address will not be published.