Does anyone here have thoughts on the x-risk implications of Bitcoin? Rebalancing is a way to make money off of high-volatility investments like Bitcoin (the more volatility, the more money you make through rebalancing). If lots of people included Bitcoin in their portfolios, and started rebalancing them this way, then the price of Bitcoin would also become less volatile as a side effect. (It might even start growing in price at whatever the market rate of return for stocks/bonds/etc. is, though I’d have to think about that.)
So given that I could spread this meme on how you can get paid to decrease Bitcoin’s volatility, should I do it?
It would take time and effort and having Bitcoin be a legitimate alternative currency might have unforseen negative consequences, e.g.
Bitcoins weren’t just created to sell a little weed on silk road.. they are used for child pornography, human trafficking, murder for hire, domestic and intl terrorism, hard drugs like heroin, and illegal arms sales… If you are for bitcoins, then you must also be OK with all of the above things...have fun supporting your pedophiles and murderers...
Does anyone here have thoughts on the x-risk implications of Bitcoin? Rebalancing is a way to make money off of high-volatility investments like Bitcoin (the more volatility, the more money you make through rebalancing). If lots of people included Bitcoin in their portfolios, and started rebalancing them this way, then the price of Bitcoin would also become less volatile as a side effect. (It might even start growing in price at whatever the market rate of return for stocks/bonds/etc. is, though I’d have to think about that.)
So given that I could spread this meme on how you can get paid to decrease Bitcoin’s volatility, should I do it?
Why wouldn’t you?
It would take time and effort and having Bitcoin be a legitimate alternative currency might have unforseen negative consequences, e.g.
http://techcrunch.com/2013/04/13/beyond-the-bitcoin-bubble/