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overtheedge
Member since May 2012
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Cyprus Goes Cashless The Hard Way - Jon Matonis - The Monetary Future

Uh-huh. Does your local gas station or grocery store take bitcoins?

A medium of exchange is whatever all parties agree to. "Medium of Exchange" pretty much means use it/get rid of it/this is a limited time offer. It is NOT designed for long-term storage.

Now what was the definition of fiat again?

And then the lights go out and someone holds the "Old Maid." And they paid for her.

Commented 4210 days ago

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Beginning of the headline : The rolling crisis in Cyprus should reach a crescendo this week. If the parliament votes yes on some type of deposit confiscation, it would mean the people of Cyprus have elected to go “all in” on the euro and link their fate with the fate of the single currency. When given a clear opportunity to leave the eurozone, Cypriots will probably decide to stay rathe... Read More

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