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From: Hector Chu <hectorchu@gmail.com>
Date: Mon, 10 Aug 2015 20:14:08 +0100
Message-ID: <CAAO2FKGH2FAoV0EX7a2ZgxqUmYy1r26Q96LsJGfXTqDB1kRpXw@mail.gmail.com>
To: Anthony Towns <aj@erisian.com.au>
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Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Off-chain transactions and miner fees
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--047d7b3a8bee5e879e051cf9cb96
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On 10 August 2015 at 19:50, Anthony Towns via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:
> ...but I think at present the time value of bitcoin is effectively zero
Since bitcoin is liquid you forget that one can just sell off his bitcoin
for fiat and hold that for interest. The time value is thus given by the
yield curve of interest rates.
--047d7b3a8bee5e879e051cf9cb96
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">On 1=
0 August 2015 at 19:50, Anthony Towns via bitcoin-dev <span dir=3D"ltr"><=
;<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank"=
>bitcoin-dev@lists.linuxfoundation.org</a>></span> wrote:<br><blockquote=
class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc soli=
d;padding-left:1ex">...but I think at present the time value of bitcoin is=
=C2=A0effectively zero</blockquote><div><br></div><div>Since bitcoin is liq=
uid you forget that one can just sell off his bitcoin for fiat and hold tha=
t for interest. The time value is thus given by the yield curve of interest=
rates.</div></div></div></div>
--047d7b3a8bee5e879e051cf9cb96--
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