Part 2: David Andolfatto, An Overview of Bitcoin

[uncensored-r/Bitcoin] Ramifications of a fixed money supply,

The following post by LineupKings is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7nmxs4
The original post's content was as follows:
imho a fixed money supply would decrease demand for money over time since no new money is being created. It would also encourage individuals into becoming value creators for a sustainable (fixed/maintained/sustained) society. With a fixed supply of currency, the wealth flows increasingly to those who are value creators as determined by the demand of the rest of humanity with 100% employment in the long run.
In response to "As David Andolfatto crisply points out, a money supply rule that does not respond to shifts in money demand generates large fluctuations in prices. And since society tends not to tolerate outright declines in wages, these fluctuations often carry over into unemployment." from the article - "The consequences of allowing a cryptocurrency takeover, or trying to head one off" found at the Financial Times website
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

The Future Of Bitcoin, Will Bitcoin Continue To Grow 10 Reasons Bitcoin Price will Destroy All Time Highs in 2017 David Andolfatto, How Big Is Bitcoin, and Is It Stable? Bitcoin News & Price Update for Thursday, June 25, 2015 10 Countries Bitcoin is Banned Now!!

A couple days ago, Fed VP David Andolfatto gave a presentation on Bitcoin. It was generally hailed as "fair and balanced" by observers. Yet, we... Bitcoin's price rose to $755 on 19 November and crashed by 50% to $378 the same day. On 30 November 2013 the price reached $1,163 before starting a long-term crash, declining by 87% to $152 in January 2015. [38] On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins. [56] After the announcement, the value of bitcoins dropped, [57] and Baidu ... The bearish case is that Bitcoin's price will fall to zero, as it's an intrinsically worthless asset. We think the future price path is more likely to remain bounded between these two extremes. Consider first the bullish case for Bitcoin. We think this idea is too optimistic even if one grants that its supply is fixed and its demand is likely to grow. 1 The U.S. dollar price of Bitcoin will ... According to Andolfatto, the price of bitcoin “consists purely of a bubble”. Comparisons of bitcoin to the tulip mania of seventeenth-century Holland have been made by the vice-president of the European Central Bank, Vítor Constâncio and by former president of the Dutch Central Bank, Nout Wellink. In 2013 ... Andolfatto then discusses the trends concerning the price of bitcoin. Is bitcoin a bubble? He defines "bubble" as a liquidity premium; examined this way, bitcoin is a bubble. So is bitcoin a good investment? Perhaps, but the outlook depends on a host of factors, Andolfatto explains. Things such as how rapidly and extensively it penetrates the market, how government regulations might evolve ...

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The Future Of Bitcoin, Will Bitcoin Continue To Grow

St. Louis Fed’s David Andolfatto: Bitcoin can be a store of value: ... Bitcoin Price Analysis for Saturday, June 13 - Duration: 6:00. Libra 47 views. 6:00. Markets sell off into the close ... Don't agree that bitcoin is a fraud: ... David Andolfatto, Legal and Illegal ... bitcoin banned countries , bitcoin price ( due to banning), bitcoin , future currency - Duration: 3:29. Game Gaming ... This interview includes many great topics -Bitcoin, is it digital gold or will it be a currency -Are the federal reserve banks teaching house members about crypto, bitcoin and other alt coins ... St. Louis Fed Economist David Andolfatto provides a look at the evolution of money and the long tradition of new currencies competing with old ones. Here, he also discusses the bitcoin competitors ... Andolfatto then discusses the trends concerning the price of bitcoin. Is bitcoin a bubble? He defines "bubble" as a liquidity premium; examined this way, bitcoin is a bubble. So is bitcoin a good ...

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