[2014-09-07] Finance Professor David Yermack Argues that Bitcoin Should Not Be C

Brooker

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Quote from: cbeast on September 07, 2014, 12:12:38 AM

Yet another Professor Bitcorn.

Haha. Well, it is a currency/money regardless or what he says. Doesn't everything fluctuate when you peg it to fiat currencies? Even they themselves lose and gain value against each other. 1 bitcoin is also worth 1 bitcoin at the end of the day.

dwdoc

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- - -Caveat Aleo- - -

Already posted.

https://bitcointalksearch.org/topic/m.8663568

panju1

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New York University Stern School of Business finance professor David Yermack expressed the 3 attributes of money as being a unit of account, a medium of exchange and a store of value. "If those are the 3 benchmarks, Bitcoin doesn't seem to perform very well in any of them," said the professor.

He attacks bitcoin on all 3 parameters!!

cbeast

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Let's talk governance, lipstick, and pigs.

Yet another Professor Bitcorn.

patricktim

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http://cointelegraph.com/news/112462/finance-professor-david-yermack-argues-that-bitcoin-should-not-be-considered-as-money

There's a lot of basic financial data that suggests that, in terms of being a store of value for instance, Bitcoin is very volatile on a day to day price," argued Yermack.

The professor noted that Bitcoin was probably more volatile than any other financial assets, adding that the digital currency tented to fall almost 10% on a given day, which makes it much more volatile than any other currencies that are being traded on the markets around the world, as well as gold and shares of stock.

Topic: [2014-09-07] Finance Professor David Yermack Argues that Bitcoin Should Not Be C (Read 1240 times)