Sentences with phrase «values for fiat currencies»

Not exact matches

A fiat currency relies on investors confidence for its value.

If you go to an online exchange, and deposit fiat / local currency, you can then exchange your currency for the equivalent value in bitcoin.

If there is nothing that keeps them, they will soon dump the coin for fiat currency or other digital coins as soon as the value grows to a reasonable profit.

Today I want to review the currency that has no controlling government, but has the value, the value that people are ready to pay for with real fiat money.

The value of Digital Assets may be derived from the continued willingness of market participants to exchange fiat currencies for Digital Assets, which may result in the potential for permanent and total loss of value of a particular virtual currency should the market for that virtual currency disappear.

So in summary — most likely maintaining a public ledger would have meaningfully higher transactions cost than centralized clearing — however, there are use cases for bitcoin / cryptos where fiat currency is not an option so difference is transactions costs is not a consideration — to the extent the market ascribes value to bitcoin / cryptos this value can not be diluted or as easily confiscated

Jim Rickards uses the idea of «confidence» to describe why money has value, and this is a concise way to demonstrate why the modern fiat currency system has been able to function for so long.

The value of digital currency may be derived from the continued willingness of market participants to exchange fiat currency for digital currency, which may result in the potential for permanent and total loss of value of a particular digital currency should the market for that digital currency disappear;

It is the Registrant's view that Bitcoins should not be regarded as coins, or otherwise as collectibles, for purposes of section 408 (m), because Bitcoins are a virtual, rather than a fiat currency (see «Bitcoin Value,» above) and, as such, do not take the form of tangible personal property, in contrast to a coin or any of the other items defined as a «collectible» under Section 408 (m).

There is really no economic or financial justification for that as gold and fiat currencies have the value that is ascribed to each as a medium of exchange.

Today, we use the system of «fiat money» which says that currency is intrinsically worth only the paper it is printed on is is used only as a medium of exchange for the supply and demand of goods and services in an economy, including precious metals like gold and silver, with the value of money allowed to fluctuate based on market forces.

An exchange that sells ICO coins or tokens, or exchanges them for other virtual currency, fiat currency, or other value that subsitutes for currency, would typically also be a money transmitter.»

For each conversion, i.e. the withdrawal of cryptocurrency into fiat currency, you accept that you are selling digital content the value of which is subject to market fluctuations.

The value of Digital Assets may be derived from the continued willingness of market participants to exchange fiat currencies for Digital Assets, which may result in the potential for permanent and total loss of value of a particular virtual currency should the market for that virtual currency disappear.

While Schiff is clearly an advocate for the inherent value of gold, he acknowledges a role for fiat currency in the modern economy.

If you go to an online exchange, and deposit fiat / local currency, you can then exchange your currency for the equivalent value in bitcoin.

SPARKZ represent the value of the energy traded and are pegged to the relevant fiat currency for each trading jurisdiction.

Bitcoin will continue to take market share from regional fiat currencies for use as a store of value.

«The most important lesson, at least for me, and I hope for the public at large as well, is that the fiat currency in my pocket and also the cryptocurrency in various different wallets that I have, they all have value because of community properties, because the community believes them.»

The peer - to - peer nature of the currency and it not being susceptible to inflation and political upheavals, that have plagued fiat currencies, makes it an attractive value proposition for the continent.

For example, when the government of Zimbabwe started issuing more money, the situation eventually snowballed into one where no - one trusted the value of the currency — so, it collapsed as a form of fiat currency.

The unlimited supply of fiat currencies means that it is essential for the value of a single unit to decrease with time.

It has emerged as a popular alternative to fiat currency in certain parts of the world where fiat currency has lost value (take the example of Venezuela or Zimbabwe), or where banks are few and far between (for instance, the remote areas of Africa).

The end result is little to no value for the end user over fiat currency (for day to day use) and in return, the loyalty you get from the user will be superficial in nature.

Assuming Bitcoin is adopted for number of practical applications, the value will rise significantly — moving money around the world can be costly and time consuming — Using Bitcoin is fast, efficient and cost effective and transactions can be confirmed in a matter of minutes vs up to 7 days for normal FIAT currency transactions plus the cost of transaction.

Bitcoin is derived from the continued willingness of market participants to exchange fiat currency for Bitcoin, which may result in the potential for permanent and total loss of value of Bitcoin, should the market for Bitcoin disappear;

The bitcoin community and developers are banking on bitcoin being a «store of value» for cryptocurrency as a whole, just like gold underpins the US dollar and other fiat currencies.

It features a single panel of operation for sending and receiving payments and shows users only the converted fiat currency value of their bitcoin holdings.

However, unlike many other asset classes (fiat currencies included) gold does have an inherent value and has been traded in one form or another for many years.

To perform these actions, Everex will utilize «Cryptocash», a technology which allows for each token's value to reflect the fiat currency on which it is based.

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.

OmiseGO is a public Ethereum - based financial technology for use in mainstream digital wallets, that enables real - time, peer - to - peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.

A less laudable innovation came in 2000 when the company required customers who wished to add value to their accounts to have a trusted and independent third party who would exchange e-gold for national fiat currencies and vice versa.

The exchange plans not to offer fiat gateways, but is the idea to get XEM to be used as a more liquid judge of value, like BTC and ETH act as sort of reserve currencies for the crypto - sphere?

For anyone that's not come across this coin before, DigiByte is a transaction focus coin that's essentially trying to do what bitcoin (BTC) was once pitched as having the potential to do but that now looks like it's never quite going to achieve — become a seamless transaction - type asset and oust fiat currencies as a value transfer vehicle.

The Indian government was condemned for its statement on Bitcoin and the cryptocurrency market because it has irrationally attacked a decentralized currency system and stores of value that are providing financial stability and independence to their users, unlike the government - owned and issued fiat money.

Louis and Ryan discuss the impact of the earthquake and tsunami on the world economy; inflation, interest rates, the Fed and Bank of Japan action and the U.S. budget negotiations; the profile of home purchasers today; the paradox of government intervention to make «homes affordable for everyone»; the direction of the rental market, rent vs. buy ratios; the comparison of Fed action during the Volker years vs the Bernanke era; Charlie Sheen, oil prices; the direction of the dollar and other currencies race to the bottom; the status of the dollar as the world's reserve currency; the abandonment of the gold standard; the fate of fiat currencies; Utah's gold standard push; the actions states are taking to cut spending; the price of gold and silver and their role as stores of value; real estate vs. gold and silver as investments; the impact of shadow inventory on general inventory; the impact of the numbers of government workers and their salaries on the D.C. area housing market.