On Sept. 18, the Federal Open Market Committee issued a statement saying that they would not yet begin to reduce the $85 billion monthly debasement of the US dollar, which is carried out by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term treasury securities at a pace of $45 billion per month. The Committee also decided to keep the target range for short-term interest rates at 0 to 0.25 percent for at least as long as the unemployment rate remains above 6.5 percent.
Further, it won’t be long before the bitcoin superstar schweiz economy is larger than the Baht economy anyway. So forgive me if this doesn’t look like a stumbling block at all. It looks like the twitching of a dying legacy currency. Move over Thai Baht, Bitcoin does what it pleases.
Examiner.com caught up with Jered Kenna, CEO of Tradehill, the second largest exchange platform for bitcoin online after Mt. Gox, before it had to shut down last year due to a payment dispute with startup Dwolla. Tradehill relaunched successfully in March with a new B2B service, Prime, seed investment, and a new team.
But, when you let that good old Edison light bulb flash in the head for just a moment, bingo, you will realize that we already are using a replacement for paper dough. Voila…Plastic money is already here…Eternal bliss of electronic wizardry to the rescue of the final frontiers of human development. Wired digital magic you may choose to label it.
This is a huge boost and advantage to everybody as what you see is what you get without any interferences of unexpected turn of events. This also serves as a win win situation as it enables all traders to manage their risk and execute their orders within seconds if they wish to prevent further losses during trading.
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