tag:blogger.com,1999:blog-8702840202604739302.post8719053136395747724..comments2024-03-28T03:38:53.734-07:00Comments on MacroMania: The Trust Machine: The Story of BitcoinDavid Andolfattohttp://www.blogger.com/profile/12138572028306561024noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8702840202604739302.post-90902803313479501762018-07-09T18:23:05.718-07:002018-07-09T18:23:05.718-07:00"Fast and automatic exchanges." This wil..."Fast and automatic exchanges." This will have to wait for some significant advances in consensus algorithms. David Andolfattohttps://www.blogger.com/profile/12138572028306561024noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-34905859595054854942018-07-09T15:20:05.124-07:002018-07-09T15:20:05.124-07:00The digital exchanges and crypto accounts are what...The digital exchanges and crypto accounts are what is exciting. <br /><br />An entry in the bitcoin ledger is the right to trade that entry into any of a number of fiat currencies, at fast and automatic exchanges. <br /><br />Buying a spot on the ledger is an insider bet that the local currency will drop in value. Judge bitcoin as an asynchronous FX tool with an ideal property, it cancels any central bank induced arbitrage.<br /><br />But,if this is true, then why isn't bitcoin the favored currency for international travel?Matt Younghttps://www.blogger.com/profile/08404998406161097199noreply@blogger.com