Ja nagu ikka, anname me ka järgmisel kuul parima lugekirja autorile toreda auhinna, nii et tasub kirjutada. Veel võideldakse õppimisdopingu ehk spikerdamise ja plagiaadi vastu.

Satoshi Byte kaudu BTC / KB-le

The problem with Bitcoin Chris: We have a fundamental conceptual difference here. It is not an object like the units of currencies which may be priced against it.

A Bitcoin is a credit object, with a subjective value relative to a unit of account.

Satoshi Byte kaudu BTC / KB-le

Bitcoin cannot be a standard unit of measure for value because its value is entirely subjective and infinitely variable.

The more units of energy currency you own, the richer you are, and the more you can achieve. Abundance of energy does not lead to inflation: it leads to an economy of abundance.

Satoshi Byte kaudu BTC / KB-le

But inflation is another subject. The principal causes of inflation are quite simply, through double entry accounting identity: a demands for profit or rent in excess of cost by intermediaries; b wage demands.

Satoshi Byte kaudu BTC / KB-le

In a dis-intermediated economy there would be no inflation, because all credit is directly based upon sources of value, including productive labour P2P credit and productive assets Peer to Asset credit. Chris: The fact is that a Satoshi Byte kaudu BTC / KB-le of account and a unit of currency are two different things, even though we are used to fiat currency being used as both.

Bitcoin works technically as a decentralised messaging system and currency token, but since it has only subjective value it has no objective basis in the material world. It is therefore literally use-less as a unit of account by reference to which value judgements are made.

Satoshi Byte kaudu BTC / KB-le