Matches for herbi*, 4182 total results Sorted by newest | relevance
Fri Jan 31 05:28:48 UTC 2014 <herbijudlestoids> im not giving my opinion here, just trying to decode the msg
Fri Jan 31 05:28:30 UTC 2014 <herbijudlestoids> demand gives the value, so unless ECB and saudis start demanding to save in BTC it will never be store of value
Fri Jan 31 05:28:09 UTC 2014 <herbijudlestoids> this all goes back to mises regression theory, that money is whatever people (especially the marginal producer/consumer aka saver/borrower) use for money. ECB, peoples bank of china, oil surplus like Saudis all understand gold in the role of store of value, therefore gold is the store of value
Fri Jan 31 05:25:20 UTC 2014 <herbijudlestoids> the implicit assumption is that the MoE should be soft, grow/contract along with the economy
Fri Jan 31 05:24:14 UTC 2014 <herbijudlestoids> and while BTC might make an elegant medium of exchange it wont be adopted as a reference point like EUR since its hard
Fri Jan 31 05:23:32 UTC 2014 <herbijudlestoids> FOFOA argument is that bitcoin versus USD is a non competition, real competition is BTC versus "what comes next" i.e. EUR+Gold
Fri Jan 31 05:23:02 UTC 2014 <herbijudlestoids> store of value for marginal producers/savers to be carried out in gold (see ECB balance sheet)
Fri Jan 31 05:22:44 UTC 2014 <herbijudlestoids> EUR was by design (4 decades in the making) to take the role of USD on its eventual failure in those roles, but only in the roles of medium of exchange and unit of account
Fri Jan 31 05:21:48 UTC 2014 <herbijudlestoids> right now, USD plays the role of reserve asset (i.e. store of value), medium of exchange and unit of account globally and especially in the case of marginal producers
Fri Jan 31 05:21:17 UTC 2014 <herbijudlestoids> its about roles, what asset plays what role to the aggregate world aka "superorganism"
Fri Jan 31 05:20:55 UTC 2014 <herbijudlestoids> the argument is much more nuanced than that
Fri Jan 31 05:20:29 UTC 2014 <herbijudlestoids> yes, FOFOA also
Fri Jan 31 05:16:23 UTC 2014 <herbijudlestoids> full disclosure i converse with FOFOA occassionally and some market info and thoughts i have passed onto him have been included in some of his work. i claim no particular insight just provided otherwise proprietary market information
Fri Jan 31 05:15:07 UTC 2014 <herbijudlestoids> http://fofoa.blogspot.com.au/2011/01/freegold-foundations.html is a good place to start
Fri Jan 31 05:14:44 UTC 2014 <herbijudlestoids> would you like some links? easiest to google fofoa freegold and in the sitemap on google are a bunch specifically on the topic
Fri Jan 31 05:13:42 UTC 2014 <herbijudlestoids> FOFOA is the reference
Fri Jan 31 05:12:50 UTC 2014 <herbijudlestoids> i do not compare gold (or btc) to stocks when evaluating its job as a store of value
Fri Jan 31 05:12:21 UTC 2014 <herbijudlestoids> yes, thats why i brought up FOFOA, because a few of the things mircea mentioned were very similar to things FOFOA has said about the concept of freegold
Fri Jan 31 05:08:20 UTC 2014 <herbijudlestoids> is it worthwhile, or poor?
Fri Jan 31 05:08:09 UTC 2014 <herbijudlestoids> decimation: i did not admittedly.