Recent Posts

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11
Introduce Yourself / Re: Hello, from Compumatrix...
« Last post by Lupul on February 08, 2017, 05:01:00 PM »
Hi Kris and welcome to the community.
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Introduce Yourself / Re: Hey there Fellow Diginomics Insiders!
« Last post by Lupul on February 08, 2017, 05:00:36 PM »
Hi there Henry and welcome to the community. What sector are you in?
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Introduce Yourself / Re: Hey there Fellow Diginomics Insiders!
« Last post by Travis Patron on February 08, 2017, 01:28:09 AM »
Great to have you here Henry and welcome to Insider!
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Introduce Yourself / Re: Hello, from Compumatrix...
« Last post by Travis Patron on February 08, 2017, 01:27:31 AM »
Nice to see you around Kris.

Cool profile picture too Henry!
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Introduce Yourself / Re: Hello, from Compumatrix...
« Last post by hjbventures on February 07, 2017, 08:53:54 PM »
Nice to see you around Kris.
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Introduce Yourself / Hey there Fellow Diginomics Insiders!
« Last post by hjbventures on February 07, 2017, 08:53:11 PM »
Greetings from the Tropical Islands of the Philippines!

It's great to be part of this community of fellow cryptocurrency enthusiasts, ambassadors, disruptors and innovators.

Hope to learn more about this industry from all of you.

Ryhen
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Money / Re: On the practical defintion of Ideal Money
« Last post by J_Smithy on January 05, 2017, 02:58:22 PM »

On your first point, yes I agree that we must be careful when comparing price vs value. Value is subjective and different for every consumer. Price however, is explicit and determined by the seller.
ah here it is.  what I came here to say.  Its not longer subjective, we now have a objective stable value metric-Ideal Money.  It is comparable to an optimally selected basket of commodity prices.

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In terms of fiat improving, we must understand that there are many different streams of fiat money in the world. Some may improve, most I think will not.
Yes I make the point that they CAN adjust. and so there is a survival of the fittest game we will see.  I would suggest, as my opinion, that all fiat will adjust and increase in quality or at least rather I don't believe "hyperbitcoinization" that we will wake up one day and all fiat will cease to be used (perhaps "eventually) but through evolution over time).
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It seems in this day and age, with the negative interest rates we are seeing, central banks are losing their ability to manage the money supply in ways they did so previously.
Yes and i think they could do worse if we didn't have an option, but now with the option I think they will be forced to provide better fiat.  Their new goal will need to be to print money that is stable in relation to what WOULD BE Ideal Money, and to do this they will use the market valuation as their barometer.  Fiats that fail will go down in respective prices.

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I no longer pay much attention to fiat currenies outside of the effect they will have on bitcoin and other digital currencies.
It depends what problem we are trying to solve.  If we want the "best" money and we define the characteristics of it then I can understand, but society is trying to decide the optimal distribution of commodities and for this we would like to have a stable metric for value.  For this money COULD evolve to provide it, but there is nothing to suggest that it can be designed to do so ( I think rather it has been shown through strong argument it cannot).

But if our fiats begin to tend towards strength in the nashian sense (ie against an ideal currency) then I think it could be said that our global currency systems are finally "tuned" to solve this problem of needing a stable metric of value.

creating the best money doesn't solve a useful problem in this sense, rather money could be used to solve a very special problem, scaling and idealizing bitcoin doesn't address this problem.
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Ethereum / I need an Etherium Programmer
« Last post by ActivismTruth on January 04, 2017, 10:22:43 PM »
I'm creating a business and learning Etherium is not in priority if I can have someone do the work for me. Where can I find a programmer to help with crowdfunding, voting applications and contracts?

Please email me direct at libertyeconomy.us@gmail.com

Thank You!
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Introduce Yourself / Re: Hello Trevis and every one here
« Last post by eBlob on January 03, 2017, 12:04:09 AM »
I am a new trader in Cryptocurrency and looking forward to learn something new here.

Welcome to the forum Desi. I'm sure you will find much here for you.
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Money / Re: On the practical defintion of Ideal Money
« Last post by Travis Patron on December 30, 2016, 10:37:23 PM »
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I think the idea of gold retaining its value describes its usefullness for purchasing general goods and services.
Now this doesn't speak to the reason WHY gold would retain its value tho, but it does suggest that there is a retention of value in relation to a basket of good/commodities etc. 

Gold will retain some semblance of value until there are no people left who perceive it as valuable - much the same can be said of any other form of money. It seems money gets its valuable from the "energy perception" of its users.

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This is why bitcoin will continue to stabilize and become more stable than all fiat currencies - the method in which the money supply is regulated.
Now this is where we have to be careful and I think we can introduce words and have caution towards their shared meaning.

bitcoin will "stabilize" means different things if we are thinking of "price" or "value" right?  What does it mean to be stable in price vs stable in value?  What does it mean to be stable in value (ie in relation to what?)?

In regard to fiat, most fiat is targeted at a certain inflation rate, targeting a purchasing power, and allegedly determining its value.

So fiat COULD be used to target stability like bitcoin, in the supply of money sense, so we can think of the relationship between the competition of all of these currencies and their policies (ie if bitcoin gains popularity, central banks might not want to continue to devalue the currencies they are responsible for)

Do we see this could play out, that the quality of fiat might improve?

On your first point, yes I agree that we must be careful when comparing price vs value. Value is subjective and different for every consumer. Price however, is explicit and determined by the seller.

In terms of fiat improving, we must understand that there are many different streams of fiat money in the world. Some may improve, most I think will not.

It seems in this day and age, with the negative interest rates we are seeing, central banks are losing their ability to manage the money supply in ways they did so previously.

I no longer pay much attention to fiat currenies outside of the effect they will have on bitcoin and other digital currencies.
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