Why isn't Bitcoin mentioned on this particular Wikipedia page?

LiteCoinGuy

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In Satoshi I Trust

Quote from: franky1 on December 21, 2015, 12:14:42 AM

points 1 and 3 are holding bitcoin back.

because although there are 15mill coins, only 50,000 are stored one exchange on average. some days there can be a flood of coins and sometimes they can be scarce causing unknown supply and demand issues as not all coins are there.

thats why governments are investigation their own blockchain currency. so they can have point 2, which then makes point 1 and 3 possible

which national currency is "Stable in value" and has a "Manageable supply schedule"?

are you talking about these?

Amph

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define stable, because 0 fluctuations is an utopia, the best is achieved by fiat which is controlled, bitcoin can not achieve that ever

at best i see it as a gold in the future, when the market cap will be big enough

shorena

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No I dont escrow anymore.

Quote from: Gleb Gamow on December 20, 2015, 10:58:20 PM

This page: https://en.wikipedia.org/wiki/Triffin_dilemma

Reason: http://www.coindesk.com/bitcoin-triffin-dilemma/

Quote

Can Bitcoin Solve the Triffin Dilemma?

The Triffin Dilemma, where countries issuing reserve currencies attempt to simultaneously manage national savings levels with necessary international liquidity, continues to act as a barrier to economic growth. However, could it be that the introduction of bitcoin brings forth a viable solution to the Triffin Dilemma?

If we assume that the prerequisites for a currency capable of solving the Triffin dilemma were to provide the following, it may be possible to argue that bitcoin is the perfect fit.

1. Stable value
2. Rule-based issuance
3. Manageable supply schedule

Yes, something like bitcoin could be the solution. I cant find a good summary atm, but the initial suggestion for the "bretton woods system" by Keynes reminded me very much of bitcoin (or vise versa, its been a while). I doubt though that governments will accept bitcoin for the exchange currency, its more likely that a specificly designed currency would be used. Its also very likely that - again - parties with high influence will try to modify the system to suit their needs best.

n2004al

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Quote from: Gleb Gamow on December 20, 2015, 10:58:20 PM

This page: https://en.wikipedia.org/wiki/Triffin_dilemma

Reason: http://www.coindesk.com/bitcoin-triffin-dilemma/

Quote

Can Bitcoin Solve the Triffin Dilemma?

The Triffin Dilemma, where countries issuing reserve currencies attempt to simultaneously manage national savings levels with necessary international liquidity, continues to act as a barrier to economic growth. However, could it be that the introduction of bitcoin brings forth a viable solution to the Triffin Dilemma?

If we assume that the prerequisites for a currency capable of solving the Triffin dilemma were to provide the following, it may be possible to argue that bitcoin is the perfect fit.

   1. Stable value
   2. Rule-based issuance
   3. Manageable supply schedule

Never cannot be bitcoin the solution of this kind of problem.

First because is far away of being stable in value. And who knows if it will be some day in that measure asked by being reserve currency. This is because bitcoin have no owner to take care about it and to contribute on its stability managing it as is made with every normal centralized currency actually by the Central Bank which issued each of those.

Indirectly the last sentence bring in light even the second point of my written: the incapacity for no one to manage bitcoin. Being decentralized as a currency, bitcoin is totally free and act only according to its "mind". Its supply might be fixed and as such, known, but this doesn't mean that can be managed as it is needed for the economy. In different times may have need for more reserves or more need in the market than the value of this kind of reserve. With every kind of centralized other money is easy to realize that because its supply is not fixed and can be re sized. So can fulfill all the needs in every moment will be need according exactly to this need. With bitcoin is impossible. Cannot be produced in time and during the time over the quantity predefined from Satoshi.

franky1

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Merit: 4788

Quote from: btckold24 on December 21, 2015, 12:29:46 AM

1. is starting to not really be a problem anymore. Its been pretty dam steady over the past 6 months or so.
Now its just a nice steady climb hopefully. I agree it was definitely unstable a year or 2 ago

same was said in 2012 when it was steady at $6 for months.......... then the reward halving happened a year later..
spoilers : theres another reward halving next year..

btckold24

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★Bitvest.io★ Play Plinko or Invest!

1. is starting to not really be a problem anymore. Its been pretty dam steady over the past 6 months or so.
Now its just a nice steady climb hopefully. I agree it was definitely unstable a year or 2 ago

franky1

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Merit: 4788

points 1 and 3 are holding bitcoin back.

because although there are 15mill coins, only 50,000 are stored one exchange on average. some days there can be a flood of coins and sometimes they can be scarce causing unknown supply and demand issues as not all coins are there.

thats why governments are investigation their own blockchain currency. so they can have point 2, which then makes point 1 and 3 possible

Gleb Gamow

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This page: https://en.wikipedia.org/wiki/Triffin_dilemma

Reason: http://www.coindesk.com/bitcoin-triffin-dilemma/

Quote

Can Bitcoin Solve the Triffin Dilemma?

The Triffin Dilemma, where countries issuing reserve currencies attempt to simultaneously manage national savings levels with necessary international liquidity, continues to act as a barrier to economic growth. However, could it be that the introduction of bitcoin brings forth a viable solution to the Triffin Dilemma?

If we assume that the prerequisites for a currency capable of solving the Triffin dilemma were to provide the following, it may be possible to argue that bitcoin is the perfect fit.

1. Stable value
2. Rule-based issuance
3. Manageable supply schedule

Topic: Why isn't Bitcoin mentioned on this particular Wikipedia page? (Read 497 times)