[2016-6-17] Bitcoin doesn’t feel like money

BellaBitBit

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Quote from: Carlton Banks on June 17, 2016, 09:49:25 AM

Quote from: aso118 on June 17, 2016, 09:24:29 AM

If I just give you ten quid, you’ve got ten quid”, he explains. “We’re not having a software program making a transaction queue for 90 minutes before it clears.”

Wow, this guy actually has any reputation at all for understanding the concept of money? I'm stunned, his understanding is clearly pretty shallow if he can make statements like that without incredulity

No doubt, what a fool. I love these people that speak so much about Bitcoin but have no fundamental idea what they are talking about.

Carlton Banks

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Quote from: aso118 on June 17, 2016, 09:24:29 AM

If I just give you ten quid, you’ve got ten quid”, he explains. “We’re not having a software program making a transaction queue for 90 minutes before it clears.”

Wow, this guy actually has any reputation at all for understanding the concept of money? I'm stunned, his understanding is clearly pretty shallow if he can make statements like that without incredulity

aso118

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★Nitrogensports.eu★

Certain problems he highlights, like price volatility and long confirmation times, will go away once bitcoin adoption increases.

If I just give you ten quid, you’ve got ten quid”, he explains. “We’re not having a software program making a transaction queue for 90 minutes before it clears.”

If he paid enough transaction fees, he wouldn't have to wait 90 minutes.

Carlton Banks

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Well, there goes his reputation.

WishICanTurnBackTime

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John Lanchester landed on the bestseller lists in 2012 when he published Capital, the story of a London street whose residents receive unsigned postcards marked: “We Want What You Have,” and whose lives are all somehow transformed by the global financial crisis. (The book was also adapted into a miniseries.) Lanchester’s interest in the world of money came late. Though his father was a banker, he only became keenly interested when it came time to write his novel. He realised just how crucial the City was as an engine of London.
Nowadays, besides working on his next novel, Lanchester writes finance-themed essays and books – such as How to Speak Money, published in 2014. He recently published a long and detailed article in the London Review of Books on a very 21st-century subject: bitcoin, the cryptocurrency invented seven years ago by an as yet unidentified individual.

http://moneyweek.com/bitcoin-doesnt-feel-like-money/

Topic: [2016-6-17] Bitcoin doesn’t feel like money (Read 427 times)