The ballast - page 2. | Bitcointalksearch.org

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Quote from: LucioLemgruber on December 22, 2019, 08:38:28 AM

the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

In 300 BC Aristotle described what are traits of money. https://www.marketoracle.co.uk/Article10370.html Until now that had not changed, or some modern philosopher would expand his theory. I dont see he mention "the ballast of a currency" .

LucioLemgruber

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Come on guys, I'm not that old, but it was gold was a ballast, time of the gold standard. Today, the most obvious and easy way to identify is the correlation between state fiscal capacity and the value of money. When the state's fiscal capacity is changed, I know the very subjective characteristics to determine this ability, but it is not a completely free thing. When we look more closely, we see that the less fragmented a society is and the more united it becomes in its ideal lathes, the less uncertainty about its currency and consequently the stronger it is.
this Bitcoin does not have and never will, I am sorry.
The ballast aways be necessário, they apperent unnecessary is a illusion.

The Sceptical Chymist

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Ballast? I don't think I've ever heard that term used about a currency before, and I've been reading financial news for at least twenty years now. I'm not sure if OP is applying it where it's not quite appropriate or if I've missed out on some new jargon lately.

Quote from: Dart18 on December 22, 2019, 08:56:29 AM

Why go far into talking about ballast.
Why not just say stability?

Beats me. It might be easier (and clearer) to say that bitcoin is extremely volatile, and the reason it's not stable is because 1) it's relatively new, and 2) it floats on the open market much like a share of a stock and gets traded quite a bit. Maybe if it had a higher market cap it might be a little less volatile, which tends to be the case with large cap stocks. Don't know where the ballast part comes in.

Cherylstar86

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Quote from: LucioLemgruber on December 22, 2019, 08:52:04 AM

I'm talking about ballast, today there is a discussion about whether or not coins need ballast. they need, but in a superior way, they are the result of the strength of a society, the strength of a common ideal that unites them. This is reflected in a government with fiscal capacity, which is the most obvious form of ballast, which most of the time remains hidden to untrained eyes.

I got your point mate. Well, as far as I know it needs a long time study about your own analysis since the market is so down and very bearish it not easy as what you think. Many crypto enthusiasts affected about the situation of the market and it should each and everyone of us must aware the next things to do in order to avoid the possible consequences in the end.

mu_enrico

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Quote from: LucioLemgruber on December 22, 2019, 09:12:51 AM

Ballast grants stability, not the other way around. There is always something that causes stability.

Did you mean a stabilizer? Grin

Let's assume "the ballast" is the social cohesion like what you said. How could Bitcoin not promote social cohesion?

LucioLemgruber

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Ballast grants stability, not the other way around. There is always something that causes stability.

jackg

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https://bit.ly/387FXHi lightning theory

Currency is just a promise though that you'll be able to exchange it for food/clothes/stocks at some point. Everything represented by a number is almost always a human generated arbitrary unit to explain something and money is the same...

Internationally currency reflects confidence in a certain country. If someone has a large amount of cash, they wouldn't want to store it in just the one currency so the demand on a currency is reflected in its value on exchanges. It's why uncertainty manipulates the market more than actual legislation (in most cases).

The idiot stores their funds in cash alone... You can at least hold anything more than a few months expenses in stocks to keep your portfolio of non emergency cash growing.

Sidenote: have you learnt a new word today (ballast)?

Dart18

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Why go far into talking about ballast.
Why not just say stability?

That is what we don't know. This is kind of discussion had been discussed here for a lot of times already but they are just using the word "stability" which is just the same.
Look, it is volatile now but ain't gold the same way before?
Who knows what an ounce of gold is valued before. They just use it for barters or creating a coin but that doesn't mean it has an exact value.
Same goes for the young bitcoin. Maybe you should try looking at the future then we can find out.
Who know what will happen tomorrow.

LucioLemgruber

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I'm talking about ballast, today there is a discussion about whether or not coins need ballast. they need, but in a superior way, they are the result of the strength of a society, the strength of a common ideal that unites them. This is reflected in a government with fiscal capacity, which is the most obvious form of ballast, which most of the time remains hidden to untrained eyes.

jackg

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https://bit.ly/387FXHi lightning theory

Actually you're wrong about currency.

A currency does well because a bank or government gives incentives for its use or promises it will be worth something.

Assets like bitcoin and gold can, for the moment at least, be considered more material than actual currency...

LucioLemgruber

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the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

Topic: The ballast - page 2. (Read 269 times)