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21
Money / Re: On the practical defintion of Ideal Money
« Last post by J_Smithy on December 22, 2016, 01:06:18 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. 

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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?

22
Money / Re: On the practical defintion of Ideal Money
« Last post by Travis Patron on December 22, 2016, 11:30:10 AM »
I think the idea of gold retaining its value describes its usefullness for purchasing general goods and services.

For example, one ounce of gold will buy roughly the same amount of food at the grocery store today. However, we see that the prices (denominated in fiat dollars) have skyrocketed. Fiat certainly cannot buy the same amount of goods and services it once did, but gold stands strong. This is why we say it has remained relatively stable.

As for the challenge of creating stability, it comes down to the way the money supply is regulated. With fiat, the money supply is regulated quite poorly. With bitcoin, the money supply is regulated by an self-adjusting algorihym and supply cap at 21 million.

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.
23
Money / On the practical defintion of Ideal Money
« Last post by J_Smithy on December 21, 2016, 11:22:37 AM »
I see that all players are locked in their understanding and approach to understanding and optimizing our currency systems and global economies. But I also see with passion and sincerity, and since I have a better understanding of that which I wish to express, we can come together under a shared meaning of what is Ideal Money and what is the significance of it (after all a really really smart man spent 20 years expressing the subject to us through various lectures and writings).

So we can be simple about this, because me and Travis have talked before and exchange some articles and ideas etc....

And because we have a similar understanding of many related subjects...

We understand that gold has a traditional value based on our use of it as an inflation hedge and a good quality money in the sense of not losing its value.

If we can think of this type of value, that golds purchasing power might remain decently steady over time, what are we comparing "steady" too?

Purchasing power yes, but what does it mean for something to be stable in "value"?

What is "value" as a unit and what can it be comparable too?

What is the problem of creating a currency that is stable in value?

Do we have thoughts on these questions?
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Introduce Yourself / Re: Hello Trevis and every one here
« Last post by Travis Patron on December 18, 2016, 06:53:48 AM »
I am a new trader in Cryptocurrency and looking forward to learn something new here.

Hello Desi and welcome to the forum.

I would be interested in learning what cryptocurrencies you are currently trading.
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Introduce Yourself / Hello Trevis and every one here
« Last post by desi on December 17, 2016, 11:49:01 PM »
I am a new trader in Cryptocurrency and looking forward to learn something new here.
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Introduce Yourself / Re: Good To Be Here
« Last post by Travis Patron on July 25, 2016, 09:36:18 AM »
Hi guys and thank you to Travis for inviting me on here.

I am interested in learning more about digital currency and bitcoin and this looks like the place to do it.

Hi Yoshi and welcome to the forum.
27
Money / Animal Spirits Of The National Economy
« Last post by Travis Patron on July 25, 2016, 09:33:15 AM »
"Animal spirits is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence and guide human behavior, and which can be measured in terms of, for example, consumer confidence."

- Wikipedia.org

When a currency loses its trust, it loses its value. When people do not trust something, it inherently loses its perceived value from that person and indirectly, the value attributed to everyone else. Therefore, when people come to mistrust a currency, the financial system which it gives life to, is in risk of collapse. When the citizens of any nation no longer have reason to trust the issuing authority the animal spirit dies.
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Introduce Yourself / Re: Hello, from Compumatrix...
« Last post by Che Gravos on July 24, 2016, 04:57:56 PM »
Compumatrix is a self-managed online trading platform which allows ordinary individuals to earn online with the Compuceeds virtual currency, Bitcoin, and other virtual currencies!

Hello and welcome to the forum!
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Introduce Yourself / Re: Hello, from Compumatrix...
« Last post by eBlob on July 24, 2016, 04:56:48 PM »
Greetings to all at Compumatrix and welcome.
30
Introduce Yourself / Re: Hi Everyone
« Last post by Travis Patron on July 24, 2016, 04:56:01 PM »
Hi Everyone,

I am a professional business coach with content on the breadth of financial markets and currency.

I found the site through the industry blogs and am eager to get involved.
Hi Lupul and welcome!
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