Re: [LINK] Blockchain

2017-09-21 Thread Kim Holburn
> On 2017/Sep/22, at 12:28 PM, Jim Birch wrote: > > On 22 September 2017 at 10:53, Kim Holburn wrote: > > >> I'm not sure this is the case. The rising value of bitcoin has pretty >> much matched its uses in China as a way for Chinese to get around >> government restrictions on moving RMB to

Re: [LINK] Blockchain

2017-09-21 Thread Jim Birch
On 22 September 2017 at 10:53, Kim Holburn wrote: > I'm not sure this is the case. The rising value of bitcoin has pretty > much matched its uses in China as a way for Chinese to get around > government restrictions on moving RMB to foreign currencies. This is a factor but it isn't the full s

Re: [LINK] Blockchain

2017-09-21 Thread Kim Holburn
> On 2017/Sep/22, at 10:22 AM, Jim Birch wrote: > > > Bitcoin might be suitable for short term trading. Virtual currencies > certainly have potential for low friction transfers. This is a key point and one which banks, the gatekeepers of money transfers dislike because they do not get their

Re: [LINK] Blockchain

2017-09-21 Thread Jim Birch
Kim Holburn wrote: > > > Would you take a two year loan in bitcoins, repayable in bitcoins? > > That's the same as a loan in any currency other than your own. No it's not. Holding Bitcoin is essentially gambling. If you borrow capital for a business you are expecting to repay the loan from the

Re: [LINK] Blockchain

2017-09-21 Thread JanW
someone should tell Chris Berg. Wait, excuse me. Doctor Chris Berg, RMIT. Steve, are you still here? At 09:39 AM 22/09/2017, Roger Clarke wrote: >At 8:51 +1000 22/9/17, Tom Worthington wrote: >>Blockchain is not the most important innovation this century, let alone in a >>century. > >An alternat

Re: [LINK] Blockchain

2017-09-21 Thread Roger Clarke
>On 20/09/17 17:46, Jan Whitaker wrote: >> ... Blockchain is the most important innovation in a century. At 8:51 +1000 22/9/17, Tom Worthington wrote: >Blockchain is not the most important innovation this century, let alone in a >century. An alternative view is that blockchain is a short-term fa

Re: [LINK] Blockchain

2017-09-21 Thread Tom Worthington
On 20/09/17 17:46, Jan Whitaker wrote: ... Blockchain is the most important innovation in a century. Blockchain is not the most important innovation this century, let alone in a century. It is an interesting idea which will likely be applied to some useful applications, assuming that a cry

Re: [LINK] Blockchain

2017-09-21 Thread Kim Holburn
> On 2017/Sep/21, at 10:31 AM, Jim Birch wrote: > > Would he know? The blockchain has great appeal to libertarians because it > doesn't, or apparently doesn't, require government management control to > work (and, as we all know, government is the real evil.) > > However, the practical realit