Cryptocurrency
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There Will Be No New Bitcoin Man
We live with many of these so-called shortcomings – ignorance, present bias, expansive financial services, pleasure-seeking consumerism, price stability – because we want to and because our psychology and biology implores us to. Not, as bitcoin bros would have you believe, because of fiat money regimes.
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Bitcoin’s Disappointing Performance Shows Why Having a Good Product Is Not Enough
Developers, miners, and other players in the Bitcoin community should not let the next opportunity to make the blockchain-based currency useful pass. Bitcoin can’t be the asset many of its developers want it to be without incentivizing the type of curiosity needed to change deeply held beliefs.
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The Satoshi Revolution by Wendy McElroy
Wendy McElroy, from her past studies of history and her current deep dive into crypto-technology, understands the power of ideas. Bitcoin and all that is related to it are among the most revolutionary ideas in history.
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Are All Cryptocurrencies Pyramid Schemes?
All moneys and valuable items are pyramid schemes, and all holders of money and valuable items hope that the next person in line will pay more for them. That’s how monetary balances work. No big deal.
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Choice in Currency for Valentine’s Day
Valentine’s Day is fast approaching. If you’re looking for the perfect gift for that special someone, who better to ask than an economist? In 1993, Yale economist Joel Waldfogel published a famous paper on the optimal gift-giving strategy. His assessment won’t come as a surprise to anyone familiar with the buzz-killing tendencies of the dismal…
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Blockchain Could Have Prevented the Iowa Caucus Debacle
Iowa Democrats could have simply transferred a predetermined sum of Bitcoin to signal which candidate received their precinct’s delegates. Had they done so, the blockchain’s public ledger would have conveyed the necessary information in a transparent, easily verified way. And because the DNC would just be sending Bitcoin to itself, the process wouldn’t have cost…
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Greetings from the Bitcoin Mansions
Bitcoin’s monetary dreamworld does look rather fanciful and full of strange beliefs: a land of fairies, castles and – I imagine – princesses, a land, writes Jemina Kelly at Financial Times, “where bunk and baloney thrive.”
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Bitcoin Is Quantitatively Tightening
In light of the broader field of monetary policy worldwide, the upcoming Halvening will come at a particularly auspicious juncture.
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Was Bitcoin the Best-Performing Asset of the Decade?
Bitcoin’s returns over the last decade have dominated every other asset we can compare it with, but that still doesn’t tell us what we need to know about the future viability of this extraordinary development in human monetary affairs.
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Anonymity Vouchers: An Improvement for Private Transactions
Financial anonymity is a controversial topic. It’s no wonder that central bankers, a conservative lot, tend to shy away from it. A recent paper from the European Central Bank (ECB) outlining a proof of concept for anonymous digital currency payments is a rare exception. Entitled Exploring anonymity in central bank digital currencies, the paper attracted…
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•
There Will Be No New Bitcoin Man
We live with many of these so-called shortcomings – ignorance, present bias, expansive financial services, pleasure-seeking consumerism, price stability – because we want to and because our psychology and biology implores us to. Not, as bitcoin bros would have you believe, because of fiat money regimes.
-
•
Bitcoin’s Disappointing Performance Shows Why Having a Good Product Is Not Enough
Developers, miners, and other players in the Bitcoin community should not let the next opportunity to make the blockchain-based currency useful pass. Bitcoin can’t be the asset many of its developers want it to be without incentivizing the type of curiosity needed to change deeply held beliefs.
-
•
The Satoshi Revolution by Wendy McElroy
Wendy McElroy, from her past studies of history and her current deep dive into crypto-technology, understands the power of ideas. Bitcoin and all that is related to it are among the most revolutionary ideas in history.
-
•
Are All Cryptocurrencies Pyramid Schemes?
All moneys and valuable items are pyramid schemes, and all holders of money and valuable items hope that the next person in line will pay more for them. That’s how monetary balances work. No big deal.
-
•
Choice in Currency for Valentine’s Day
Valentine’s Day is fast approaching. If you’re looking for the perfect gift for that special someone, who better to ask than an economist? In 1993, Yale economist Joel Waldfogel published a famous paper on the optimal gift-giving strategy. His assessment won’t come as a surprise to anyone familiar with the buzz-killing tendencies of the dismal…
-
•
Blockchain Could Have Prevented the Iowa Caucus Debacle
Iowa Democrats could have simply transferred a predetermined sum of Bitcoin to signal which candidate received their precinct’s delegates. Had they done so, the blockchain’s public ledger would have conveyed the necessary information in a transparent, easily verified way. And because the DNC would just be sending Bitcoin to itself, the process wouldn’t have cost…
-
•
Greetings from the Bitcoin Mansions
Bitcoin’s monetary dreamworld does look rather fanciful and full of strange beliefs: a land of fairies, castles and – I imagine – princesses, a land, writes Jemina Kelly at Financial Times, “where bunk and baloney thrive.”
-
•
Bitcoin Is Quantitatively Tightening
In light of the broader field of monetary policy worldwide, the upcoming Halvening will come at a particularly auspicious juncture.
-
•
Was Bitcoin the Best-Performing Asset of the Decade?
Bitcoin’s returns over the last decade have dominated every other asset we can compare it with, but that still doesn’t tell us what we need to know about the future viability of this extraordinary development in human monetary affairs.
-
•
Anonymity Vouchers: An Improvement for Private Transactions
Financial anonymity is a controversial topic. It’s no wonder that central bankers, a conservative lot, tend to shy away from it. A recent paper from the European Central Bank (ECB) outlining a proof of concept for anonymous digital currency payments is a rare exception. Entitled Exploring anonymity in central bank digital currencies, the paper attracted…