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Re: OT: GS/Bitcoin
In Response To: OT: GS/Bitcoin *NM* *PIC* ()

Have tried to understand Bitcoin and this kind of logical instrument, the first thought is that
they seem very speculative and give the impression of partial pyramid play but at a bit deeper foundation on my thoughts summits about here:

The number one issue I am not able to refrain from is if the Crypthocurrencies grows to a larger share of the economy , when will the central banks and regulators take note of this to be able to control and rate transactions
and other state regulated financial issues ?? If the system works isnt it likely they will start an official regulated Cryptho as an alternative for about the 600 non regulated ?

If I would try to sum up the positive:

1. Unregulated "possible currency" regardless of central banks and policy measures.
that is, in theory, only demand / supply as underlying dynamics for pricing

2. In theory, a suggested alternative for protection against high inflation for ex. turbulent and weak economies currencies.

3. A possible financial alternative to gold as a commodity for storing a value over time
especially in situations when other asset classes are highly priced.

4. A possible global system - long-term currency can become dominant?

And the negative:

A. Other crypto currencies may take Bitcoin's potential dominant location as the transaction base

B. Provides light protection activities that may be possible in case of exemption from ex.
financial inspection or central bank have a very negative effect on the price level.

C. May be subjected to a high proportion of "rigged" trade outside the control of the authorities.

D. An unknown event or function not taken into consideration by the current explosive
The haus can cause a giant crash of the entire concept of Cryptos

//Joakim

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