The Economics Of Bitcoin -- How Bitcoins Act As Money

[AlmightyLordHatchett]

I used to mine bitcoins, then I took an arrow to the knee.

[DreadsideNubune]

hi m8 u got any gfx cards for sale i will buy them off u i will give 1000 bitcoins per card

[linagee]

If you could buy a very short term put option / insurance (that expires let's say in 6 hours) you could protect against fluctuation of value while bitcoin transactions are confirmed. Since the expiration time is so short, the premium of this option would be very cheap.

[93msinclair]

@linagee Great idea. Except the cost of the option would compound with frequent transactions. The cost per unit time would have to be less than the cost of doing bussiness in another currency. Also, bitcoin options might be difficult to hedge right now given the lack of liquidity of the bitcoin market (although that will improve with time).

[suedeslounge]

@93msinclair You could option out the value of your inventory ahead of time all at one shot.

[gosmokesome]

you can take omega 3 fat fish liver capsules to help your teeth. And yes bitcoins is money, and performs some functions of money better than precious metals. CAn't wait to get my hands on some delicious bitcoins. Great vid.

[zalida100]

Nice vid - thanks

[FreedomAtRisk]

the dont buy bitcoin dude tried to get the listeners all caught up in an economic fruit salad of confusion, abruptly ended by calling it money laundering, and then an appeal to authority (hulsmann). he does not acknowledge bitcoin is a commodity first of all. good vid

[christpunchers]

@FreedomAtRisk The guy is an authoritarian and maybe even a plant. Go look at his Part 2 video, you'll find that comments, including yours and mine and a few other positive bitcoin people have been deleted. 

[93msinclair]

@FreedomAtRisk I also didn't get what his attached Mises Q&A at the end had to do with anything.