wolske July 28, 2014 at 12:21 pm

a thought that occurred to me in another forum:

“Which raises an interesting and perhaps overlooked point about the blockchain — it’s a ledger that doesn’t contain any prices. Cryptocurrency prices are the domain of exchanges and individuals; there is no way to scan the blockchain and have any idea what the price of BTC is at any given time.”

I haven’t had time to consider the many ramifications, but I think this might be a big deal; a fundamental difference from most other commodities and stores of value

Adam Hoisington July 28, 2014 at 2:07 pm

It’s a non-issue. The blockchain is not a ledger of profit and loss, which is where prices matter. It’s a ledger of ownership, simply showing “who” (which address) owns how much.

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