The economics of digital currencies

Comments

1. jeroeniskoning says

   September 11, 2014 at 2:15 pm

   The article is right on most statements.
   Though, it ignores the fact many innovations are on the way. For example:
   technologies like side chains and tree chains will make it possible to make
   frictionless hops between consensus networks (which digital currencies
   are). This could solve the “raising transaction costs” problem because not
   all transactions (small transactions) need the high network power (thus
   security level) that Bitcoin has.
   Imagine buying bread by – on the fly and without any friction – converting
   btc to for example litecoin with it’s weaker network and lower transaction
   costs. The transaction will be processed by a network that has a
   costs/security ratio that better fits the value transaction.

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2. Brismo7 says

   September 11, 2014 at 2:18 pm

   1:49 oh dear. I say I say.

   Reply

3. findftp says

   September 11, 2014 at 2:58 pm

   The banker is reading text! You can see it,.. just pay attention to his
   eyes

   Reply