A Bitcoin Economy Will Be A Stable Economy
Major economies in the world today, are struggling to grow even at modest rates. Each of the prominent economies, including US, Europe, China, and Japan, are struggling to come out of the protracted economic slowdown because of various domestic and foreign factors. China's housing market bubble is about to burst, Europe has recently embarked on a massive quantitative easing program to boost inflationary expectations, Bank of Japan is expecting inflation to touch zero levels, and US Fed is still not sure about raising historically low-interest rates even as it shows confidence in the....
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As Bitcoin moves towards becoming a part of the mainstream economy, why should it be any different from the traditional economy? Well, that's what the scenario looks like in the Bitcoin community. It is a well-known fact that 50% of the whole world's economy is controlled by the top 1% of the population, similarly 99% of the Bitcoin is under the control of 1% of Bitcoin community. The only difference between traditional economy and Bitcoin economy is that in the traditional economy, when it comes to fiat currency it is easy to identify how much a person is worth and who are the rich and....
As Chinese financial instability rocked global markets, placing them on what seems to be the edge of economic collapse, the Bitcoin community erupted with joy. At last, the world economy will fail, and Bitcoin will finally have its time to shine. This seems to be a prevailing attitude in the Bitcoin community — if not among the majority of Bitcoiners,....
This guide is a continuation of a previous article at http://bitcoinmagazine.com/13104/building-bitcoin-economy-stimulate-adoption/. If you or someone in the area has been preaching crypto for a while, you probably have a few nearby businesses accepting Bitcoin by now. This is an important first step, and worthy of celebration over a few Bitcoin beers. Bitcoin evangelism never sleeps, however, so it's time to grow the seeds you've sown into a sustainable Bitcoin economy. But before you get started, heed what I've learned from my latest efforts. When you first bring cryptocurrency adoption....
Zimbabwe has been shuddering all century from a failing economy that continually causes cash shortages and tumultuous market inflation. According to a recent editorial from the African Mail & Guardian, some economists are suggesting bitcoin as an alternative. Economist Says Zimbabwe Could Benefit From Bitcoin. Since the year 2000, Zimbabwe’s economy....
The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. At the time of writing, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value. Bitcoin and Crypto Economy Sheds Billions, Crypto Fear & Greed Index Indicates ‘Extreme Fear’ Is in the Air Bitcoin (BTC) slid in value today, roughly 5.4%% during the last 24 hours. Just after 3:00 p.m. (EST) prices dipped from $46K to $43,678 per unit. BTC’s price is just below the $44K price range against the U.S. dollar.....