Antonopoulos, Demeester Agree Bitcoin is ‘Both Digital Gold & Digital Cash’
Andreas Antonopoulos has supported an assertion made by Bitcoin investor Tuur Demeester that Bitcoin is “both digital gold and digital cash” as part of the ongoing block size debate. Departure From All-On-Chain ‘For Good Reasons’. In a blog post Monday, Bitcoin expert Andreas Antonopoulos cited Dutch investor Tuur Demeester’s opinion on Bitcoin’s identity, saying he had “captured an important point.” “We are not facing a choice between all-on-chain or some-off-chain,” he wrote. “We have already departed from all-on-chain and for good reasons.” Antonopoulos continued that the current....
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Andreas Antonopoulos worked as a consultant for Bitcoin enterprise Neo & Bee. He shed his light on current events in a blog post. There is an overdose of Neo & Bee news lately, but we think these views on the situation are worth being shared. Two Bitcoin high-profiles came forward and shed their light. Tuur Demeester and Andreas Antonopoulos were both connected to Neo & Bee's story. Demeester was contacted by CEO Danny Brewster, hoping he would become an investor. Antonopoulos worked as a consultant for the startup. Both of them are certain of one thing. Danny Brewster is the one to blame,....
This is a summary of Tuur Demeester's Investor Newsletter. If you aren't familiar with Tuur Demeester, he is probably the only Bitcoin user who presented a conservative estimate for the bitcoin price based on Bitcoin taking over the largest markets of the world. The following information is from Demeester's 2013 San Jose presentation. Market Taken Over By Bitcoin. The New Price of One Bitcoin. 1% of Hedge Funds$1,230. Argentina leaves fiat for bitcoin$2,480. Gold owners trade 1% of their gold assets for bitcoin$3,500. Bitcoin Volume = 50% of the Black Market Volume$86,000. Bitcoin becomes....
Tuur Demeester -- publisher of the Dutch-language investment newsletter MacroTrends -- began advising his readers to buy bitcoins back when the currency was trading at just $5 (US) per BTC. But even at today's prices ($120.50 as of mid-day on May 19), he says he believes Bitcoin remains a very good investment. The current high price is not a bubble, Demeester asserts. He points to the fact that past price peaks -- despite having sometimes been followed by steep drops -- have now been surpassed. "Obviously there is something wrong with this idea that Bitcoin would be what is traditionally....
In addition to its stable price in recent weeks, talks of Bitcoin’s edge in gaining relevance to physical goldparticularly as a traditional store of value seems to be gaining more ground following the slowing price of the precious metal. Economist and investor, Tuur Demeester, looked at it from a point of view in a recent post andestablished that Bitcoin can be both a secure store of value (digital gold) and a liquid medium of exchange (digital cash) used for small size payments. He based his conclusion on the view that cash and gold aren’t that different and cash money has to have the....
We had a chance to interview Tuur Demeester at the Amsterdam conference. We were really lucky because he has decided to take a break from the cryptocurrency segment for a little bit and will focus on philosophy and self knowledge. He is the author of the financial newsletter MacroTrends which goes to investors in the Netherlands and Belgium. He has also co-founded two private schools in Belgium and also in the Netherlands. Bitcoinist.net; As an economist, what do you think, in your opinion which country holds the greatest potential for Bitcoin development and success? Tuur Demeester