Objective: to gather thoughts around the topic which I found interesting given the volatile market recently. Not about making money though.
19-Dec-2015
First, start with why I’m interested in the topic: bitcoin, crypto-currency & blockchain. Many talk about it but I have no idea what they are. Shame on me :(.
Video to watch:
Notes: Money represents trust and facilitate exchanges. Money is recorded by ledger. Ledger makes public – thanks to Blockchain technology. Currency recorded in blockchain public ledger is bitcoin.
Questions: How to get/mining bitcoin? How to determine fair-value of bitcoin?
Notes:very simplified introduction. for viewer’s curiosity only
Notes: not finish watching yet… To be updated.
On recent news, interest rate for USD deposit in Vietnam drops to 0. So what?
- Tendency to convert to VND deposit for normal customers who don’t need transact using USD (such as importing)
- Exchange rate USD/VND likely drops (more demand for VND?)
- Holding USD deposit with view of market as USD gets stronger than interest rate of VND. Probably supported by FED increasing interest rate in US.
- … what next? (thinking…)
26-Dec-2015
I keep on thinking about the value of money/currency. How much is a dollar worth of? And under which perspective?
Anyway, came across this series in Youtube. Seem interesting…
28-Dec-2015
It occurs to me that the previous series might relate to the following one. Thinking about the bridge of all these jargons: money, currency, purchasing power or store of value, gold/silver, and credits.
24-Jan-2016
It is very interesting watching the two videos and I am certain to recommend those to anyone. In fact, I spent three first days of 2016 to complete the series.
At the end, probably it changes my view of:
1) currency/money as representation of purchasing power,
2) how we should focus on protect and increase purchasing power more than money as numbers,
3) view of credit / debts as good or bad factor of the economy. Credit causes inflation (partially). Increasing productivity stabilizes inflation. Two forces cause cycles in a good & healthy economic growth.
With that, I somehow have better faith in Bitcoin giving how it fits as a good (non-fiat) currency. Anyway, next questions probably are on the exchange of currencies and where are the gold now?
To be continued…