So 20 or 50 years from now will bitcoins be modern day tulips or something real?
http://www.cleveland.com/business/index ... aunch.html
Ray Jablonski, Northeast Ohio Media Group
on May 20, 2015 at 10:51 AM
The digital currency bitcoin has struggled to gain acceptance in the mainstream.
A new index could change all that.
The New York Stock Exchange on Tuesday launched a new Bitcoin index (NYXBT) that will track the dollar value of one bitcoin based on how the currency trades at select bitcoin exchanges.
"Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class," NYSE President Thomas Farley said in a statement, as TIME magazine reported. "We are pleased to bring transparency to this market."...
NYSE Launched Bitcoin index
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NYSE Launched Bitcoin index
It was good being the party of Robin Hood. Until they morphed into the Sheriff of Nottingham
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MachineGhost
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Re: NYSE Launched Bitcoin index
It'll probably be the Amiga of the cryptocurrency realm. It has many flaws that are roadbocks to long-term sustainability. So I suspect the meme will live on in subsequent monetary revolutions.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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Libertarian666
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Re: NYSE Launched Bitcoin index
I think they are the "Beanie Baby" of cryptocurrencies.
Am I against the notion of cryptocurrencies? Not at all. But they have to represent something actual, rather than... nothing.
Am I against the notion of cryptocurrencies? Not at all. But they have to represent something actual, rather than... nothing.