Cryptocurrency
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Mastercard’s Crypto Ruse
“With more corporate powerhouses supporting cryptocurrencies by the month, it appears that crypto is here to stay. Whether those cryptos are the ones currently popular or this announcement by Mastercard acts to initiate a path dependent development process is presently unknown and unknowable. Other recent initiatives by the massive processing firm suggest a focus that…
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Escape Hatches: Migration, Bitcoin, and the Ability to Get Out
“Keep more mobile assets; have larger buffers, financial and physical; instead of a large house in a nice suburb, perhaps aim for a smaller home coupled with a condo or house in a different jurisdiction? Don’t put all your financial eggs in one portfolio – keep some gold and some bitcoin; keep healthy; update your…
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The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds…
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Accountants Have Learned To Live With Crypto
“Accounting professionals need to learn to live and work with crypto, and standard setters need to be proactive in the creation of crypto-specific standards. Applying standards developed for the 20th century economy to 21st crypto assets is already causing issues, and should be rectified to avoid wider market disruptions.” ~ Sean Stein Smith
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A Currency that Rises in Value Will Change Everything
“Maybe widespread ownership and use of Bitcoin and other cryptos can make a cultural and economic contribution to converting us from profligate to thrifty in the way our great-great grandparents could celebrate. After all, it was they, and the gold standard under which they lived, that set us on the course to building a modern…
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Tesla’s Bitcoin Purchase Is the Start of a Bullish Monetary Future
“The bullish future that Tesla seems to be helping to usher in is one of private monies replacing government money, of individuals asking for compensation in money they trust over money that governments haven’t always overseen in trustworthy fashion. Elon Musk is helping to bring the future into the present. We’ll all be better off…
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Exit the Bond Vigilantes, Enter the Crypto Vigilantes
“With the heightened pace and expanded scope of economic intervention over the last ten or fifteen years, the avenues through which markets can respond to government policies have been blunted. But fortunately for the genius of Satoshi Nakamoto, where the bond vigilantes once stood––and may someday return––now stand the crypto vigilantes.” ~ Peter C. Earle
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Bitcoin’s Impressive Year in Perspective
“No matter what your opinion is on bitcoin, its financial returns are no longer astronomical. Plenty of upstarts, small caps, established companies and even other cryptocurrencies posted that kind of return in the strange financial year that was 2020. Welcome back to the lower troposphere, bitcoiners ‒ or as the rest of us call it:…
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Why Does Bitcoin Have Value?
“Think of a world without essential third parties, including the most dangerous third party ever conceived of by man: the state and the central bank. Imagine that future and you begin to grasp the fullness of the implications of our future. Ludwig von Mises would be amazed and surprised at bitcoin. But he might also…
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In Defense of Bitcoin Billionaires
“It’s refreshing to read an account of early Bitcoin – not the programming, the cryptography, or the scandals, but the dreamy futurists and their financiers.” ~ Joakim Book
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Mastercard’s Crypto Ruse
“With more corporate powerhouses supporting cryptocurrencies by the month, it appears that crypto is here to stay. Whether those cryptos are the ones currently popular or this announcement by Mastercard acts to initiate a path dependent development process is presently unknown and unknowable. Other recent initiatives by the massive processing firm suggest a focus that…
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•
Escape Hatches: Migration, Bitcoin, and the Ability to Get Out
“Keep more mobile assets; have larger buffers, financial and physical; instead of a large house in a nice suburb, perhaps aim for a smaller home coupled with a condo or house in a different jurisdiction? Don’t put all your financial eggs in one portfolio – keep some gold and some bitcoin; keep healthy; update your…
-
•
The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds…
-
•
Accountants Have Learned To Live With Crypto
“Accounting professionals need to learn to live and work with crypto, and standard setters need to be proactive in the creation of crypto-specific standards. Applying standards developed for the 20th century economy to 21st crypto assets is already causing issues, and should be rectified to avoid wider market disruptions.” ~ Sean Stein Smith
-
•
A Currency that Rises in Value Will Change Everything
“Maybe widespread ownership and use of Bitcoin and other cryptos can make a cultural and economic contribution to converting us from profligate to thrifty in the way our great-great grandparents could celebrate. After all, it was they, and the gold standard under which they lived, that set us on the course to building a modern…
-
•
Tesla’s Bitcoin Purchase Is the Start of a Bullish Monetary Future
“The bullish future that Tesla seems to be helping to usher in is one of private monies replacing government money, of individuals asking for compensation in money they trust over money that governments haven’t always overseen in trustworthy fashion. Elon Musk is helping to bring the future into the present. We’ll all be better off…
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•
Exit the Bond Vigilantes, Enter the Crypto Vigilantes
“With the heightened pace and expanded scope of economic intervention over the last ten or fifteen years, the avenues through which markets can respond to government policies have been blunted. But fortunately for the genius of Satoshi Nakamoto, where the bond vigilantes once stood––and may someday return––now stand the crypto vigilantes.” ~ Peter C. Earle
-
•
Bitcoin’s Impressive Year in Perspective
“No matter what your opinion is on bitcoin, its financial returns are no longer astronomical. Plenty of upstarts, small caps, established companies and even other cryptocurrencies posted that kind of return in the strange financial year that was 2020. Welcome back to the lower troposphere, bitcoiners ‒ or as the rest of us call it:…
-
•
Why Does Bitcoin Have Value?
“Think of a world without essential third parties, including the most dangerous third party ever conceived of by man: the state and the central bank. Imagine that future and you begin to grasp the fullness of the implications of our future. Ludwig von Mises would be amazed and surprised at bitcoin. But he might also…
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•
In Defense of Bitcoin Billionaires
“It’s refreshing to read an account of early Bitcoin – not the programming, the cryptography, or the scandals, but the dreamy futurists and their financiers.” ~ Joakim Book