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    Author Topic: ► ► ►HashFast Endorsement  (Read 36947 times)
    cypherdoc (OP)
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    August 18, 2013, 07:58:11 PM
     #361

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    oh crumbs, why are your arguments so crumby?  Wink

    here's an example from Wikipedia on monetary velocity:

    Illustration

    If, for example, in a very small economy, a farmer and a mechanic, with just $50 between them, buy new goods and services from each other in just three transactions over the course of a year

        Farmer spends $50 on tractor repair from mechanic.
        Mechanic buys $40 of corn from farmer.
        Mechanic spends $10 on barn cats from farmer.

    then $100 changed hands in the course of a year, even though there is only $50 in this little economy. That $100 level is possible because each dollar was spent on new goods and services an average of twice a year, which is to say that the velocity was 2/yr. Note that if the farmer bought a used tractor from the mechanic or made a gift to the mechanic, it would not go into the numerator of velocity because that transaction would not be part of this tiny economy's gross domestic product.


    thus, by HF enabling BTC to move from buyer's hands to HF and then onto another buyer, monetary velocity is increasing.  not only that, it's enabling a new Bitcoin company to establish itself thus once again growing the economy.

    lame crumbs, lame.

    Cypherdoc, have you noticed that nowhere in the wikip example do you have an instance of money being exchanged for another currency?  Would you like to guess why that is, or are you going to keep flailing?  



    it's irrelevant.  the point is that the BTC movement by itself is enabling a new company to grow, buyers to dishoard to obtain a new machine, and for the Bitcoin economy to grow.  

    it also increases demand for BTC in general as they are needed to complete the tx.

    end of story.

     Cheesy Cheesy  Increases the what for what when they have to sell it for dollars???  What happens to prices when market supply is increased?   Cheesy Cheesy

    UR a lolacoster.  End of story.

    once again, you're forgetting that there are willing buyers on the other side of that tx who are more than willing to take the BTC if and when HF has to sell.  this is the definition of a tx in a free market; both a willing buyer and a willing seller.

    and btw, have you noticed the BTC price rising lately?  the willingness of the buyers seems to be dominating.
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