Cryptocurrency
-
•
Stablecoin Regulation
“All the risks that accompany the danger of overregulation like rent-seeking and regulatory capture is magnified in the event of regulatory failure.” ~ Donovan Choy & Joakim Book
-
•
Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory
“If value is subjective, and if a medium of exchange is a good like any other, then how can we say that a good could not first be valued by some person somewhere as a medium of exchange rather than for some other purpose beforehand?” ~ Emile Phaneuf III
-
•
The Use of Incentives in Crypto
“Unlike nation states or oligopolistic markets (think utilities, telecommunications or social media) where the costs of consumers/producers exiting are high, or where exit options are scarce, the bulwarks against predatory governance are far weaker.” ~ Donovan Choy
-
•
What Progressives Miss in the Bitcoin Energy Debate
“If progressives such as Elizabeth Warren extended their publicly held values of ‘fearless consumer advocacy’ to also apply to those outside the western world, they would see the value of Bitcoin.” ~ David Waugh
-
•
What If a Great Crypto Crash Is Coming?
“Were the world to experience a new economic downturn, there is a great possibility that this lack of consumer use will show the current valuation of Bitcoin to have been a bubble. If this happens, a lot of retail investors will suffer.” ~ Benjamin Juhlin
-
•
The Irony of China’s Most Recent Bitcoin Ban
“With the Evergrande crisis looming in the background, the crypto universe being pilloried by Chinese authorities as a ‘growing threat to financial stability’ and ‘disrupt[ive] to economic order’ is more than simply ironic. It is irony at its most mordant.” ~ Peter C. Earle
-
•
El Salvador’s Bitcoin Introduction Hits Early Snags
“Other nations would be well advised to use El Salvador’s missteps as a guide for their own such attempts. And to suffuse their embrace of crypto beyond considerations of technology, observing its fundamentally libertarian spirit as well.” ~ Peter C. Earle
-
•
How Societies Save For an Uncertain Future
“This is the problem that all societies have tried to overcome – moving value through time and ensuring our individual livelihood when we’re too old to produce the value that sustains us.” ~ Joakim Book
-
•
The Asymmetry of Bitcoin Scams Is All Very Sad
“When losses come from risk-taking for which you stood to benefit, it’s not sad if you happened to lose. That was a possible outcome, and whether you properly understood it or not is beside the point. With Skin in the Game, there’s nothing sad about making losses.” ~ Joakim Book
-
•
Are Digital Assets Coming of Age?
“During the intervening five years, much has happened to support the case for digital assets. More legitimacy will be needed to satisfy the institutional investment community, but it is reasonable to conclude that digital assets have finally come of age.” ~ Colin Lloyd
-
•
Stablecoin Regulation
“All the risks that accompany the danger of overregulation like rent-seeking and regulatory capture is magnified in the event of regulatory failure.” ~ Donovan Choy & Joakim Book
-
•
Mises’s Regression Theorem, Bitcoin, and Subjective Value Theory
“If value is subjective, and if a medium of exchange is a good like any other, then how can we say that a good could not first be valued by some person somewhere as a medium of exchange rather than for some other purpose beforehand?” ~ Emile Phaneuf III
-
•
The Use of Incentives in Crypto
“Unlike nation states or oligopolistic markets (think utilities, telecommunications or social media) where the costs of consumers/producers exiting are high, or where exit options are scarce, the bulwarks against predatory governance are far weaker.” ~ Donovan Choy
-
•
What Progressives Miss in the Bitcoin Energy Debate
“If progressives such as Elizabeth Warren extended their publicly held values of ‘fearless consumer advocacy’ to also apply to those outside the western world, they would see the value of Bitcoin.” ~ David Waugh
-
•
What If a Great Crypto Crash Is Coming?
“Were the world to experience a new economic downturn, there is a great possibility that this lack of consumer use will show the current valuation of Bitcoin to have been a bubble. If this happens, a lot of retail investors will suffer.” ~ Benjamin Juhlin
-
•
The Irony of China’s Most Recent Bitcoin Ban
“With the Evergrande crisis looming in the background, the crypto universe being pilloried by Chinese authorities as a ‘growing threat to financial stability’ and ‘disrupt[ive] to economic order’ is more than simply ironic. It is irony at its most mordant.” ~ Peter C. Earle
-
•
El Salvador’s Bitcoin Introduction Hits Early Snags
“Other nations would be well advised to use El Salvador’s missteps as a guide for their own such attempts. And to suffuse their embrace of crypto beyond considerations of technology, observing its fundamentally libertarian spirit as well.” ~ Peter C. Earle
-
•
How Societies Save For an Uncertain Future
“This is the problem that all societies have tried to overcome – moving value through time and ensuring our individual livelihood when we’re too old to produce the value that sustains us.” ~ Joakim Book
-
•
The Asymmetry of Bitcoin Scams Is All Very Sad
“When losses come from risk-taking for which you stood to benefit, it’s not sad if you happened to lose. That was a possible outcome, and whether you properly understood it or not is beside the point. With Skin in the Game, there’s nothing sad about making losses.” ~ Joakim Book
-
•
Are Digital Assets Coming of Age?
“During the intervening five years, much has happened to support the case for digital assets. More legitimacy will be needed to satisfy the institutional investment community, but it is reasonable to conclude that digital assets have finally come of age.” ~ Colin Lloyd