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/biz/ - Business & Finance

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>> No.57816168 [View]
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57816168

90k

>> No.57278510 [View]
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57278510

>>57276476
Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for Bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the “high-powered money” that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as… well, as Bitcoin based purchases are today.

>> No.57259095 [View]
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57259095

Hey
Basically I'm just not gonna sell my BTC
I know.... UGH I know ..... I'm HODLing!!!!!!!!!!!!!!!!!!!!
It's just that I'm not gonna sell it is all
HAHAHAHAHAHAHAAAHAHHAHAHAHAHA

>> No.57224263 [View]
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57224263

Imagine not having 47k in internet money.

>> No.57152463 [View]
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57152463

45kwizards...

>> No.54068414 [View]
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54068414

>>54067702
Based. The Golden Bank Run begins tomorrow

>> No.52732833 [View]
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52732833

FOLLOW THE RULES FAGGITS

>No dog shitcoins
>Low Mcap
>No coins that are always shilled here (i.e Matic, Xrp, Link)
>No bitcoin or eth

YDRWPD

>> No.52342853 [View]
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52342853

theres no reason for BTC price to go down because of the bad behavior of a centralized exchange

>> No.24413602 [View]
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24413602

will bizonacci be returning now?

https://youtu.be/mzDVaKRApcg

>> No.24337113 [View]
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24337113

>>24336882
it has a real DEX that swaps bitcoin for DCR, plus the coin automatically mixes itself through staking funds via a coinswap implementation. 50% of the entire supply is satked, so thats a huge number of coinswaps that happens, making this a privacy mixing tumbler for bitcoin that's on par with Monero, or better because you can atomic swap bitcoin for Decred. monero is even working on this atomic swapping to catch up....but they dont have a dex to make this convenient....my advice, everyone should have one decred ticket (150 coins about) and stake it for ever.

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