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Bitcoins ... WTH?
Message
From
05/04/2013 17:21:45
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
 
To
05/04/2013 10:45:58
General information
Forum:
News
Category:
Technology
Miscellaneous
Thread ID:
01569636
Message ID:
01570249
Views:
40
>https://medium.com/money-banking/2b5ef79482cb
>
>It also raises what is in my mind one of the biggest issues with bitcoins (or gold) for that matter. As long as the earth's population is growing, along with economic activity, any system of wealth storage has to grow with it, or you will have deflation. And, deflation, in my opinion is not a good thing either.

And another important quote from the article:

"In the very early days of the world wide web, there were attempts to build a payments tag deep into the very architecture of HTML web pages. Those attempts failed, killed by a financial-services industry very suspicious of anything new. And as a result, the web has evolved along an advertising model, where instead of users paying for content, we have advertisers paying for users."

Which is exactly why the wwweb is in this sad shape today, where Sturgeon's percentage goes to four nines. There is absolutely no way to make money on the web by selling online services, because someone else will sell the same services for free while using the traffic thus gained to sell ad space. Whenever one googles for a particular subject, there are dozens of aggregators regurgitating the same three articles about your subject, or no articles at all, but they contain the phrase you were looking for, prefixed with "write about".

The nice thing to know about bitcoin is the time when the bubble will burst, and then to sell ten hours ahead.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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