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RE: "Bitcoin--the means of payment--not bitcoin the currency, for which I see no future"

From: Reutzel, Bailey <bailey.reutzel@sourcemedia.com>
Date: Fri, 7 Mar 2014 02:44:51 +0000
To: Joel Dietz <jd@evr.gr>, Joseph Potvin <jpotvin@opman.ca>
CC: Web Payments CG <public-webpayments@w3.org>
Message-ID: <114A362579072745A265E71E5676C9BC12280AE6@MBX202.domain.local>
I cannot wait to read this whitepaper!

As for the idea of "value-in-exchange" benchmark, I recently chatted with a lawyer about this. Very interesting... Do you see this being decided upon by a group of exchanges? Or a centralized regulatory group, say the Bitcoin Foundation (even though that may be an insufficient example)?
And as far as cryptocurrency users working outside any trusted third party, such as an exchange, would you be able to keep these people following the benchmark?

I'll pose another question to chat about, hopefully this seems something of interest, will a capped cryptocurrency actually act in a deflationary way, with the fact that these are so divisible?
________________________________
From: Joel Dietz [jd@evr.gr]
Sent: Thursday, March 06, 2014 8:05 PM
To: Joseph Potvin
Cc: Web Payments CG
Subject: Re: "Bitcoin--the means of payment--not bitcoin the currency, for which I see no future"

We've been discussing actively how to implement this via a cryptocurrency in the Ethereum econoimcs group. I suspect some whitepapers will be forthcoming.


Joel Dietz
Founder and CEO
Evergreen | evr.gr<http://evr.gr> | @fractastical<http://www.twitter.com/fractastical> | http://www.youtube.com/watch?v=8xGdTV_UMOg&hd=1


On Mon, Mar 3, 2014 at 1:19 PM, Joseph Potvin <jpotvin@opman.ca<mailto:jpotvin@opman.ca>> wrote:
Interesting comments from retired IMF AsstDir, and current consultant
to various central banks: http://wcoats.wordpress.com/about/

My view:  Agreed that it's not useful as a "unit of account"; that it
is useful as an operational component in various "media-of-exchange",
and to this end I propose that what it needs is a viable
"value-in-exchange benchmark" (which each P2P pair may choose).

Joseph

---------- Forwarded message ----------
From: Dr. Warren L Coats Jr. <Wcoats@aol.com<mailto:Wcoats@aol.com>>
Date: Mon, Mar 3, 2014 at 4:03 PM
Subject: Bitcoin's Mt. Gox
To: "Warren L Coats Jr." <WCoats@aol.com<mailto:WCoats@aol.com>>


Dear friends,

Bitcoin continues to be a hot topic:
http://wcoats.wordpress.com/2014/03/03/the-future-of-bitcoin-exchanges/

Best wishes,

Warren Coats
http://wcoats.spaces.live.com
http://works.bepress.com/warren_coats/



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Received on Friday, 7 March 2014 02:45:15 UTC

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