Buiter becomes Senior Fellow of the CFR.
http://www.cfr.org/experts/world/willem-h-buiter/b19087
Topic: [2014-11-27] CD: Citi Chief Economist: Bitcoin is Closest Commodity to Gold (Read 1436 times)
December 09, 2014, 12:34:03 PM
November 27, 2014, 07:37:41 PM
In another news :Dutch move 122 tons of gold out of US http://www.cnbc.com/id/102206925#. 
In the future, it might be "Dutch move pvt-keys to 122,000 bitcoins out of US using two brain wallets "
In the future, it might be "Dutch move pvt-keys to 122,000 bitcoins out of US using two brain wallets " November 27, 2014, 01:58:16 PM
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Bitcoin too is costly to produce (to ‘mine’, using high-powered servers that could be doing other, more useful things instead, using energy both to keep the servers running and to cool them).
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The algorithm governing Bitcoin is supposed to set an absolute upper limit 21 million bitcoin units, although anything that can be programmed can be reprogrammed.
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Counterfeiting (gold painted lead ingots) are of course a risk (as it is with paper currency and, for all we know, with Bitcoin).
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Bitcoin is not anonymous, because every unit of Bitcoin is held in an electronic ‘wallet’, which has a clear and, in principle, identifiable owner.
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It is possible to hide (through encryption) the identity of the current beneficial owner of a Bitcoin wallet, just as it is possible to hide the identity of the beneficial owner of a bank account behind an array of corporate, trust or personal fronts.
willembuiter.com/gold2.pdfWillem Buiter
+1-212-816-2363
[email protected]
Anyone to comment on this?
November 27, 2014, 01:07:35 PM
http://willembuiter.com/gold2.pdf
What world is Bruiter living in?
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"bitcoin, a fiat virtual currency."
What world is Bruiter living in?
November 27, 2014, 12:48:04 PM
Gold and bitcoins gotta love them.
November 27, 2014, 12:44:52 PM
Citi Chief Economist: Bitcoin is Closest Commodity to Gold
Gold is a commodity like bitcoin and other cryptocurrencies, Citi's chief economist argues in a research note published yesterday, ahead of a Swiss vote that could cause the global gold price to spike.
http://www.coindesk.com/citi-chief-economist-bitcoin-closest-commodity-gold/
Gold is a commodity like bitcoin and other cryptocurrencies, Citi's chief economist argues in a research note published yesterday, ahead of a Swiss vote that could cause the global gold price to spike.
http://www.coindesk.com/citi-chief-economist-bitcoin-closest-commodity-gold/
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