Sorry gan menggunakan bahasa inggris, artikan arti nya sendiri ya, kalau di translate google arti nya ngawur
Bitcoin: Whatever It Is, It's Not Money!
Quote:
When governments undermine faith in their currencies people turn to alternatives. Weak as the dollar has been in recent years, for example, it is still seen in many parts of the world as infinitely preferable to the local money, which is why most of our physical currency- especially our hundred dollar bills– circulate outside the US. So it is no surprise that as the Fed readies another round of money printing, more and more Americans want to experiment with alternative currencies. Hence the intense interest in the digital phenomenon called the Bitcoin. Online trading has mushroomed. Alas, the Bitcoin is not the answer to the Federal Reserve’s depredations against the dollar.
The basic reason: it has no fixed value. It trades like a stock or commodity. In recent days it has been crashing after a spectacular rise in terms of dollars. Such volatility makes it useless as a means to do transactions. Money has only one purpose–it makes doing transactions, that is buying and selling products and services and securities, infinitely easier than barter. All the other purposes of money flow from this basic function.
Money is most optimal when it is fixed in value just as commerce is facilitated when we have fixed weights and measures. When you buy a pound of hamburger you expect to get 16 ounces of meat. An hour has 60 minutes. A mile has 5280 feet. These measurements don’t “float.”
So too money best lubricates commerce when it has a fixed value. This is best seen in investing. When you make a capital expenditure or a buy an equity, you are obviously taking a risk. With stocks, you are buying future streams of income. Same with that new factory. But the risk is increased exponentially if you don’t know what you will be paid back with. Is it a 100 cent dollar, a 20 cent, or a 115 cent dollar?
Such uncertainty hurts growth. When a government devalues its currency, money goes defensively into hard assets. Investing for the future suffers–and so does our future standard of living.
We don’t really know how this coin is created. You can’t have a functional money without a basic transparency. Unless you are addicted to volatile trading for the sake of trading, stay away from the Bitcoin. Thankfully its plunge will be a salutary caution to most folks.
After Liberty Reserve Shut Down, Is Bitcoin Next?
Quote:
The world’s financial system ought to stop criminals from dealing drugs, funding terrorism, and skipping out on taxes. But somehow, all those things keep happening.
The Wall Street Journal reports one place that won’t happen anymore is Liberty Reserve — the provider of anonymous virtual money transfer services “virtually all” of whose $6 billion worth of transfers in 55 million transactions by a million users were done to launder illegal activities, according to Manhattan U.S. attorney, Preet Bharara.
The Treasury Department set a precedent in using the 2001 Patriot Act against a virtual currency to sever the link between Liberty Reserve and the U.S. financial system.
bankir tidak akan senang
banyak digunakan untuk kegiatan ilegal
untuk menutup bitcoin dengan mem banned nya dan di anggap kriminal pengguna nya, dengan begitu orang semakin meninggalkan bitcoin
Sekian thread simple ini tentang bitcoin
Diubah oleh ikhsantm 22-12-2013 08:08
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