BitCoin Cebu - The future digital fiat currency that will replace paper fiat currency ( Mining & RIGS Discussion )

[cryptocointrader]

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G7kpYvDKCae84w3x0KkoL257n7SyuKWuMWf2ZM/DG2mxRQWgiVyUUyJgg9NThkuU+N6XFnEU/729DErSg6o8VEiaWBu0xMG/7ltADUQeAM1DBslsk35LMGdvvSi4Q9yX

[M.A.D.]

Bitcoin is very noble. However this financial instrument requires huge amounts of energy. You need an electronic device capable of storing such, plus you need huge amounts of power to 'mine' these things. They can't be used without energy consumption. If the cost of energy goes down then I personally think bitcoin is going to be very viable, otherwise it will still be unstable.

Any investment or instrument that produces or saves energy is important, being outside the control of government is only secondary.

[cryptocointrader]

G7kpYvDKCae84w3x0KkoL257n7SyuKWuMWf2ZM/DG2mxRQWgiVyUUyJgg9NThkuU+N6XFnEU/729DErSg6o8VEiaWBu0xMG/7ltADUQeAM1DBslsk35LMGdvvSi4Q9yX

[M.A.D.]

Bitcoin is easily adaptable by developed nations. It requires modern infrastructure to flourish. It is also limited in number which would mean its value may be capped or pegged at some point its use will be limited this could be the precise reason why governments won't be able to do anything with it. In itself it does not have value but it gets its value if pegged to a traditional currency like USD. I am not yet familiar of any valuation mechanism on how bitcoin valuates itself.

Well, how to balance the economy in terms of inflation, deflation, interest rates, etc... is also math. Its the same concept with currencies since currencies are a medium of exchange whose value is determined by extrinsic factors such as a countries economy, hard power(military), soft power(influence), GDP, employment/unemployment rate, interest rates, bond yields, etc.

For fiat currencies, some come and go but debt ultimately is just written off and this has happened many times.

[nodols3]

In Bisaya please.

[view]

Join the Innovation:
https://www.istorya.net/forums/genera...l#post16177043

[Kooperative]

Mga boss di ba ng advise n a raba ang BSP ani og ako i qoute:

The public is hereby warned that such exchanges are not regulated by the BSP or by any regulatory authority in the country at this time. Thus, there are no existing regulations which would specifically protect consumers from financial losses if an organisation that exchanges or holds virtual currencies fails or goes out of business. Moreover, there is no assurance that the value of Bitcoin or any virtual currency would be stable. In fact, its value can be highly volatile.

[dazzle]

Bitcoin is BANKS WORST FEAR:
Bitcoin Documentary, Bankers Worst Fear - [BankersWorstFear.com] @BankerWorstFear - YouTube

It is understood that the adoption of Bitcoin will overthrow the power BSP once had.

[cryptocointrader]

G7kpYvDKCae84w3x0KkoL257n7SyuKWuMWf2ZM/DG2mxRQWgiVyUUyJgg9NThkuU+N6XFnEU/729DErSg6o8VEiaWBu0xMG/7ltADUQeAM1DBslsk35LMGdvvSi4Q9yX

[cryptocointrader]

G7kpYvDKCae84w3x0KkoL257n7SyuKWuMWf2ZM/DG2mxRQWgiVyUUyJgg9NThkuU+N6XFnEU/729DErSg6o8VEiaWBu0xMG/7ltADUQeAM1DBslsk35LMGdvvSi4Q9yX