First of all – let me make it clear – Bitcoin is good money. What I mean by that is that it can be used for purchases, it is a store of value that can’t be diluted by the creation of more bitcoin, and it can be used over both time and space- meaning that…
Tag: digibyte
Fictional Markets and Snakeoil Salesmen
Imagine this scenario – I have a substandard product and I want to sell a lot of it at an inflated price. The problem is that no one will buy my useless thing because no one actually needs it. So I go to my bank and I say – I’m not going to be able…