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[Documentary Interview] Sveinn Valfells - Bitcoin exposes the weaknesses of the existing financial regime

[Documentary Interview] Sveinn Valfells - Bitcoin exposes the weaknesses of the existing financial regime submitted by BitcoinVideo to Bitcoin [link] [comments]

Bitcoin London 2013: Sveinn Valfells – should Iceland adopt Bitcoin as its national currency

Bitcoin London 2013: Sveinn Valfells – should Iceland adopt Bitcoin as its national currency submitted by bitcoinviews to Bitcoin [link] [comments]

Bitcoin London 2013: Sveinn Valfells - should Iceland adopt Bitcoin as its national currency

Bitcoin London 2013: Sveinn Valfells - should Iceland adopt Bitcoin as its national currency submitted by iWeyerd to Bitcoin [link] [comments]

Sveinn Valfells - Bitcoin exposes the weaknesses of the existing financial regime

Sveinn Valfells - Bitcoin exposes the weaknesses of the existing financial regime submitted by MoreBitcoinTV to BitcoinTV [link] [comments]

Bitcoin London 2013: Sveinn Valfells - should Iceland adopt Bitcoin as its national currency

submitted by throwawayagin to BitcoinIS [link] [comments]

how realistic is hyperbitoinization?

How realistic is hyperbitcoinization (a tipping point where people start a rush to exit fiat for bitcoin in a fiat devaluation event http://nakamotoinstitute.org/mempool/hyperbitcoinization/). Let's look at some global monetary and gold statistics.
Some talk about bitcoin perhaps one day matching or passing gold market cap. https://www.reddit.com/Bitcoin/comments/70z6p0/if_you_do_the_math_a_single_btc_is_more_than_200/dn7ikck/
at $4400 which Bitcoin has been above for some of this month, it already reached around 1% of gold market cap.
But what other global targets are there for comparison. Globally, all paper currency and coins are valued around $5 trillion - at $4400 Bitcoin was already 1.5% of that.
Paper currency plus bank balances and savings value around $90 trillion - so if Bitcoin got to $50k/BTC (10x recent bitcoin highs) bitcoin would be valued 1% of all money!
So where is the tipping point - where people sit up and take notice - I'm not sure, but 1.5% of all physical currency is already pretty interesting. What happens if/when Bitcoin gets to 10%? Which then gets within reach of 1% of money of physical and bank deposits/savings globally. At some point there has to be a tipping point where money leaving accelerates for fear of falling fiat and we see the adoption S-curve play-out http://www.uversity.com/blog/wp-content/uploads/2011/07/Communication-Technology-Adoption-Peter-Leyden.png
The ETFs and institutional money have barely started yet, and historically gold price was influenced by the introduction of ETFs http://www.marketwatch.com/story/how-gold-etfs-have-transformed-market-in-10-years-2013-03-29
So will hyperbitcoinization happen, who knows. But the possibility is maybe not so far-fetched. It seems that bitcoin price news itself drives financial and other media interest - though maybe for reasons not so exposed to Bitcoin's value position.
(Some data from http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ and https://www.reddit.com/Bitcoin/comments/70z6p0/if_you_do_the_math_a_single_btc_is_more_than_200/dn7ikck/)
What would a stable post S-curve adoption price look like economically or geopolitically?
Interesting questions. As we've seen in the eurozone it can be difficult for countries, like Greece, to have a single currency but divergent economic policy - with the Drachma in previous economic downturns, they had been able to exploit a weak exchange rate to rebound by exporting their way out of recession. On the other end we've seen Iceland currency drop 60% https://www.washingtonpost.com/news/wonk/wp/2015/06/17/the-miraculous-story-of-iceland/?utm_term=.5461176249e9 and recover faster. An interesting alternative or future strategy proposed by Icelander Sveinn Valfells was that Iceland adopt Bitcoin as a currency - with it's cheap geothermal power it has unique advantages for Bitcoin mining. https://www.researchgate.net/publication/245327990_Bitcoin_for_Microstates_-_How_Iceland_could_adopt_Bitcoin
submitted by adam3us to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] how realistic is hyperbitoinization?

The following post by adam3us is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/712f07
The original post's content was as follows:
How realistic is hyperbitcoinization (a tipping point where people start a rush to exit fiat for bitcoin in a fiat devaluation event http://nakamotoinstitute.org/mempool/hyperbitcoinization/). Let's look at some global monetary and gold statistics.
Some talk about bitcoin perhaps one day matching or passing gold market cap. https://www.reddit.com/Bitcoin/comments/70z6p0/if_you_do_the_math_a_single_btc_is_more_than_200/dn7ikck/
at $4400 which Bitcoin has been above for some of this month, it already reached around 1% of gold market cap.
But what other global targets are there for comparison. Globally, all paper currency and coins are valued around $5 trillion - at $4400 Bitcoin was already 1.5% of that.
Paper currency plus bank balances and savings value around $90 trillion - so if Bitcoin got to $50k/BTC (10x recent bitcoin highs) bitcoin would be valued 1% of all money!
So where is the tipping point - where people sit up and take notice - I'm not sure, but 1.5% of all physical currency is already pretty interesting. What happens if/when Bitcoin gets to 10%? Which then gets within reach of 1% of money of physical and bank deposits/savings globally. At some point there has to be a tipping point where money leaving accelerates for fear of falling fiat and we see the adoption S-curve play-out http://www.uversity.com/blog/wp-content/uploads/2011/07/Communication-Technology-Adoption-Peter-Leyden.png
The ETFs and institutional money have barely started yet, and historically gold price was influenced by the introduction of ETFs http://www.marketwatch.com/story/how-gold-etfs-have-transformed-market-in-10-years-2013-03-29
So will hyperbitcoinization happen, who knows. But the possibility is maybe not so far-fetched. It seems that bitcoin price news itself drives financial and other media interest - though maybe for reasons not so exposed to Bitcoin's value position.
(Some data from http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ and https://www.reddit.com/Bitcoin/comments/70z6p0/if_you_do_the_math_a_single_btc_is_more_than_200/dn7ikck/)
What would a stable post S-curve adoption price look like economically or geopolitically?
Interesting questions. As we've seen in the eurozone it can be difficult for countries, like Greece, to have a single currency but divergent economic policy - with the Drachma in previous economic downturns, they had been able to exploit a weak exchange rate to rebound by exporting their way out of recession. On the other end we've seen Iceland currency drop 60% https://www.washingtonpost.com/news/wonk/wp/2015/06/17/the-miraculous-story-of-iceland/?utm_term=.5461176249e9 and recover faster. An interesting alternative or future strategy proposed by Icelander Sveinn Valfells was that Iceland adopt Bitcoin as a currency - with it's cheap geothermal power it has unique advantages for Bitcoin mining. https://www.researchgate.net/publication/245327990_Bitcoin_for_Microstates_-_How_Iceland_could_adopt_Bitcoin
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin London 2013: Sveinn Valfells - should Iceland ... Should Iceland adopt the Canadian dollar? (video) CoinSummit - YouTube Bitcoin exposes the weaknesses of the existing financial regime

At Bitcoin London 2013, Valfells explained that Iceland is an extremely wealthy nation with a broken financial system, and in desperate need for a new currency. “It has far from adjusted from ... Sveinn Valfells, PhD & J´on Helgi Egilsson How to Mine Bitcoin Profitably Presented at Scaling Bitcoin, Montreal September 13, / 16 8. How to Mine Bitcoin Profitably Network Approaching State Of Current Art First and second generations outdated at $232 and 368 PHa/s [4] Gen One no longer profitable. Gen Two close to economic limit. Gen ... Blockchain, bitcoin, and cryptocurrency. A bunch of strange words they are. So I understand all the confusion around these topics. It’s hard. When something new comes on the scene, we are all a… limit my search to r/Bitcoin. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" url:text search for "text" in url selftext:text search for "text" in self post contents self:yes (or self:no) include (or exclude) self posts nsfw:yes (or ... Der CEO Sveinn Valfells kündigt an, die E-Geld-Lösung auf ganz Europa auszubreiten, um die grenzüberschreitenden Zahlungen flüssiger zu machen und automatisierte Echtzeit-Transaktionen in die Supply Chains zu integrieen. Als Plattform für die Zahlungen von Nordic Store an Ikea wurde Ethereum verwendet. Allerdings ist Monerium „Blockchain-agnostisch“, sprich, sie beissen sich nicht auf ...

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Bitcoin London 2013: Sveinn Valfells - should Iceland ...

Fundur VÍB um rafmyntir, einkum Bitcoin. Sveinn Valfells, hagfræðingur og eðlisfræðingur, flutti framsögu og í panel sátu Martha Eiríksdóttir, sérfræðingur í... Valfells is an assistant professor of finance at the University of Iceland. Category Education; ... Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 206 watching. Live now ; Essential ... Learn more at www.coinsumm.it VC panel - investment opportunities in the Bitcoin space Nick Shalek, Ribbit Capital, Michael Jackson, Mangrove, Stefan Glaenzer, Passion Capital Moderated by ... Sveinn Valfells Networks With IamSatoshi http://www.iamsatoshi.com/bitcoin-exposes-weaknesses-of-the-existing-financial-regime https://www.facebook.com/I.am.... Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in your browser.

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