Topic: The first real organization on the demand side (Read 159 times)
Yap, that's right. I guess it's because cryptocurrency is still in it early age. And we hope it will continue like this in the next years to come. And moreover, the reason why bitcoin is in the demand now is that a lot of people don't want to miss out: FOMO. This push them to acquire bitcoin, when the price is fair enough. And moreover, Bitcoin is the future coin.
Well, as bitcoin can also be commodified, it might be the first. But again, it is also a normal medium of exchanging and a new currency to do business. So it can be looked at from different views
If you consider the spectrum of demand and supply, it is an obvious fact. Additionally, it is the biggest association on the demand side.
Generally there are two main collective entities / stakeholders in the market. The supplying side and the demand side, relating to creation/supply and cosumers/customers respectively. It is claimed that bitcoin is one of the first to not only fulfilling the supplying part but also the demand side.
There are two forms of organization in the economy:
1. Organizations on the side of the supply for the creation of goods and services, and
2. Organization on the demand side of the money creation
Anyone who receives money from an organization on the demand side (which is, therefore, a special currency) for his goods or service, becomes a member of that organization on the demand side.
A demand-side organization is a consumer association.
Bitcoin is the first real organization on the demand side in history.
1. Organizations on the side of the supply for the creation of goods and services, and
2. Organization on the demand side of the money creation
Anyone who receives money from an organization on the demand side (which is, therefore, a special currency) for his goods or service, becomes a member of that organization on the demand side.
A demand-side organization is a consumer association.
Bitcoin is the first real organization on the demand side in history.
OP,you should read a few books about market economy.
What is an "organization on the demand side of the money creation"?That term doesn't make any sense.
Governments had created money.Are they a "demand side organizarion"?I don't think so.
Bitcoin is NOT an organization.It's something between platform and environment(and asset/currency,off course)..
I don't really get the point here but all I read is, Bitcoin is something that was created as on demand asset and due to which more and more people are getting involved into it. This ultimately creates a demand of the bitcoin. As we are seeing that new investors are coming every other day in the crypto currency and thus making things more condensed in terms of supply of the BTC. Now the supply is already fixed for the bitcoin at 21 millions and of which more than 80% is already mined and is being held and traded by most of the big investors. Thus, it makes sense that how the supply will become lesser virtually as more and more investors start popping into it. If this keeps happening for next few years then it would be huge demand over less supply and thus it will affect the market capitalism as well as price of the bitcoin.
Bitcoin has been huge breakthrough for the economy and we can hope to see it break more and more milestones for what it can achieve is something we can only imagine.
Bitcoin is a self-organizing collective intelligence. It's a function of the capacity of it's collective intelligence to overcome the challenges that it encounters in it's environment.
Intersting theory that is. Many people don't like to think bitcoin as an organization. I would like to know more about your definition of demand side before comming to a conclusion.
There are two forms of organization in the economy:
1. Organizations on the side of the supply for the creation of goods and services, and
2. Organization on the demand side of the money creation
Anyone who receives money from an organization on the demand side (which is, therefore, a special currency) for his goods or service, becomes a member of that organization on the demand side.
A demand-side organization is a consumer association.
Bitcoin is the first real organization on the demand side in history.
1. Organizations on the side of the supply for the creation of goods and services, and
2. Organization on the demand side of the money creation
Anyone who receives money from an organization on the demand side (which is, therefore, a special currency) for his goods or service, becomes a member of that organization on the demand side.
A demand-side organization is a consumer association.
Bitcoin is the first real organization on the demand side in history.
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