Sentences with phrase «intrinsic value of that currency»

Doesn't matter what Venezuela presents as currency... if the intrinsic value of that currency is hamstrung by an incompetent government.

Not exact matches

The only currency in the history of mankind that had actual intrinsic value was when people traded barley in the markets of the ancient city of Ur.

One issue is that although many of the big institutions are curious about how bitcoin's underlying blockchain technology could revolutionize the financial sector, bitcoin isn't widely accepted as currency and has no intrinsic value.

Mr. Draghi also took classes with Rudiger Dornbusch, the international economist who postulated that in flexible, multi-exchange rate systems, a single currency can overshoot its intrinsic value — an idea that was often cited by supporters of the euro as a reason to adopt the single currency.

The Finance Ministry of India touted what it perceives as a lack of intrinsic value in virtual currencies as reason to equate them with Ponzi schemes.

«Whereas I said Bitcoin «isn't real» because it has no intrinsic or underlying value, that's certainly true of the dollar and other fiat currencies: there's nothing behind them either.

Those in favour of bitcoin and other cryptocurrencies claim that the digital currency has an intrinsic value associated with its technology, which will eventually be used in a wide range of applications in the financial - services industry.

This week, the Indian finance ministry has criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value.

This is due to, among other factors, the potential high risk and volatility of virtual currency products and the fact that virtual currency remains an experimental concept that is not presently regulated or backed by any central bank worldwide and has no tangible intrinsic value.

But you know let's look at the utility value of some of these alternative currencies and I'm including precious metals are the historical safe haven because they have intrinsic value and in the case of silver they have utility value as well.

It is interesting to note that in many ancient civilizations, cacao was used as currency because of its high intrinsic value.

In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value.

While every fiat currency eventually reverts to its intrinsic value of zero, or the value of a used piece of paper with negligible heat value in BTUs, Gold remains.

With response to the «intrinsic value of gold / silver» fiat currency and a precious metals standard... Â

There is no way that I know of to estimate their intrinsic value, and therefore whether they be tulips, gold, crypto - «currency» or other things that have not yet been imagined, but which derive their worth solely from the opinion of others, I plan to stay far away from them as they fall outside of my circle of competence.

When people realize the folly that is traditional currency, its intrinsic value and rethink the very idea of money, they will realize the potential of cryptocurrencies, and more so stablecoins, and physical assets like gold and silver themselves.

In Korea, financial authorities announced that «the virtual currency does not have «intrinsic value» due to its lack of stability while there is concern at the absence of structure and indicators to measure it.»

More recently, the head of the Central Bank of Canada, Stephen Poloz, was quoted as saying on January 25, 2018, that «I object to the term cryptocurrencies because they are crypto but they aren't currencies... they aren't assets for the most part... I suppose they are securities technically... There is no intrinsic value for something like bitcoin so it's not really an asset one can analyze.

For many years, so - called economists have continued to condemn bitcoin by criticizing its lack of supporting, real - world assets and intrinsic value, despite the fact that no asset or currency in the global market has intrinsic value.

He went on to say that the US dollar is a great example of a sovereign currency which has no more intrinsic value than bitcoin.

I am sure that Ely will say I took his argument out of context and I definitely added a lot of commentary in the passages above, but if his baseline premise is really that bitcoin has no intrinsic value, this is exactly what he is saying about dollars, bolivars and every other fiat currency.

However, as Billionaire Investor Mark Cuban explained, the lack of intrinsic value is true for any asset and currency in the market.

Adding multiple cryptographic proofs like Ring Signature Confidential Transactions (RingCT) and Confidential Transaction (CT) plus trustless mechanisms like MAD escrow, Particl provides 100 percent anonymity to people who buy and sell using PART.While the Particl privacy platform and upcoming Marketplace supports most major cryptocurrencies, PART serves as its utility token.PART and Intrinsic ValueThe value of Bitcoin has risen astronomically over the past several years in part because people believe Bitcoin will one day be widely used and provide services that other forms of currency can not.

If — as proponents of Bitcoin pointed out in response to Dimon's criticisms — Bitcoin provides intrinsic value in part by enabling transactions that traditional currency can't, then PART's ability to accommodate a range of transaction types and use cases makes it even more valuable.

Even fiat currencies that are fully controlled by governments in terms of supply and circulation also do not have intrinsic value, as their valuation depends on the market and the demand from investors.

Lastly, critics argue Bitcoin has no intrinsic value because fiat currency can be used for payment of taxes and salaries while gold has an industrial application.

The vast majority of sensible investors and traders understand that the concept of intrinsic value is fundamentally flawed; the value of all assets, currencies and companies are completely subjective and thus, Dimon nor any other bankers are not in a position to depict the value of bitcoin in any way.

Schiff has always introduced the concept of intrinsic value to justify the superiority of gold over Bitcoin, but like any asset or currency, the value of Bitcoin depends on its market.

India's Ministry of Finance issued a statement today cautioning people «against risks investing in virtual currencies including Bitcoin», claiming they lack intrinsic value and aren't backed by any assets.

Recently the Indian finance ministry criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value.

Even fiat currencies such as the US dollar and Indian rupee do not have intrinsic value, given that their valuations are decided by two major factors: the market's demand and the manipulation of supply by central authorities.

This week, the Indian finance ministry has criticized Bitcoin and the rest of the digital currencies in the market for their lack of intrinsic value.