Comments by "Charles Brightman" (@charlesbrightman4237) on "Ray Dalio reveals he has taken a position in bitcoin, plus Coinbase backer discusses crypto concerns" video.

  1. Question: How exactly do crypto currencies like BitCoin exchange into US Dollars? (For example, Monopoly money in the game of Monopoly has 'value' but basically only in the game of Monopoly. So, how to these crypto currencies with basically nothing backing them exchange for US Dollars?)
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  2. Consider the following: a. Not everybody has the same internet connection speed. b. Location matters: Take 3 entities, A, B and C. A and B are close together and C is very far away. The electronic transfer time between A and B would be short compared to A and C or B and C, relatively speaking. It's the same principal people utilize with Wall Street. Computers closer to Wall Street can have faster transfer speeds due to their location. High speed, high frequency trading can make one very rich relatively quickly. Also easier and quicker to manipulate markets. c. But, with crypto currencies like bitcoin that are not centralized, not everybody would be on the same page so to speak. The reality each would be experiencing would be different for the same universal time. d. In other words, reality still matters. There are those who will be 'screwed' and there will be those who are the 'screwees'. And if you are not 'screwing' someone else, guess which one you are.
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