Sound Money Project
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Better Explanations for Inflation
“We have enough information to conclude policy mistakes, especially on the demand side, go a long way toward explaining today’s inflation.” ~ Alexander William Salter
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Bad Explanations for Inflation
“Hopefully, these lousy explanations will soon fade out of the public’s consciousness. We need to focus on what matters: a comparative abundance of money over goods. ” ~ Alexander William Salter
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Crypto’s Privacy/Commingling Dilemma
“Mixing is a less-than ideal way to gain privacy. In solving for privacy, mixing introduces another problem; commingling. When you use a mixing tool, you’re introducing your licit funds into the same pot as potentially criminally-derived funds.” ~ J.P. Koning
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What Does Kyle Rittenhouse’s Legal Campaign Tell Us about Access to Crowdfunding?
“For now, Visa and MasterCard haven’t made any discernible efforts to limit crowdfunding accessibility based on concerns over their brand. But if they were to start, that would be a concerning development.” ~ J.P. Koning
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There’s More than One Way to Make Stablecoins Safe
“The PWG’s worries for the safety of stablecoin users are most applicable to one set of stablecoins: the set including USD Coin and Tether. A ‘banks-only’ model may be an improvement for some stablecoins, but it certainly isn’t the only way to ensure stablecoins are safe.” ~ J.P. Koning
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Was Satoshi Nakamoto Right about Bitcoin Payments?
“Satoshi was correct that card systems work ‘well enough for most transactions’ and thus bitcoin had but a bit part to play in payments. But he was wrong about bitcoin being useful with retailers for small payments and non-reversibile retail payments.” ~ J.P. Koning
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Fast Payments Enable Lightning Kidnappings in Brazil
“The only way that the Banco Central do Brasil could completely end PIX-based lightning kidnapping would be to slow the entire system down. That would mean cutting regular Brazilians off completely from the benefits of real-time payments.” ~ J.P. Koning
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Was the OnlyFans Ban a Symptom of Creeping Financial Censorship?
“It is unfortunate that OnlyFans content creators were nearly deplatformed. However, it seems to be a local incident, and not indicative of a global decline in accessibility to payments.” ~ J.P. Koning
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Decentralized Stablecoins: The Real Peer-to-Peer Electronic Cash Systems
“Bitcoin still has a role to play as a globally popular speculative token. It’s time for the decentralized stablecoins to take their place as the real peer-to-peer electronic cash systems.” ~ J.P. Koning
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How Tether Can Improve Its Pie Chart
“Tether will be publishing its next pie chart sometime in the middle of August. Given its flagging issuance, Tether has every reason to do a better job than before. The whole cryptocurrency world will be watching.” ~ J.P. Koning
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•
Better Explanations for Inflation
“We have enough information to conclude policy mistakes, especially on the demand side, go a long way toward explaining today’s inflation.” ~ Alexander William Salter
-
•
Bad Explanations for Inflation
“Hopefully, these lousy explanations will soon fade out of the public’s consciousness. We need to focus on what matters: a comparative abundance of money over goods. ” ~ Alexander William Salter
-
•
Crypto’s Privacy/Commingling Dilemma
“Mixing is a less-than ideal way to gain privacy. In solving for privacy, mixing introduces another problem; commingling. When you use a mixing tool, you’re introducing your licit funds into the same pot as potentially criminally-derived funds.” ~ J.P. Koning
-
•
What Does Kyle Rittenhouse’s Legal Campaign Tell Us about Access to Crowdfunding?
“For now, Visa and MasterCard haven’t made any discernible efforts to limit crowdfunding accessibility based on concerns over their brand. But if they were to start, that would be a concerning development.” ~ J.P. Koning
-
•
There’s More than One Way to Make Stablecoins Safe
“The PWG’s worries for the safety of stablecoin users are most applicable to one set of stablecoins: the set including USD Coin and Tether. A ‘banks-only’ model may be an improvement for some stablecoins, but it certainly isn’t the only way to ensure stablecoins are safe.” ~ J.P. Koning
-
•
Was Satoshi Nakamoto Right about Bitcoin Payments?
“Satoshi was correct that card systems work ‘well enough for most transactions’ and thus bitcoin had but a bit part to play in payments. But he was wrong about bitcoin being useful with retailers for small payments and non-reversibile retail payments.” ~ J.P. Koning
-
•
Fast Payments Enable Lightning Kidnappings in Brazil
“The only way that the Banco Central do Brasil could completely end PIX-based lightning kidnapping would be to slow the entire system down. That would mean cutting regular Brazilians off completely from the benefits of real-time payments.” ~ J.P. Koning
-
•
Was the OnlyFans Ban a Symptom of Creeping Financial Censorship?
“It is unfortunate that OnlyFans content creators were nearly deplatformed. However, it seems to be a local incident, and not indicative of a global decline in accessibility to payments.” ~ J.P. Koning
-
•
Decentralized Stablecoins: The Real Peer-to-Peer Electronic Cash Systems
“Bitcoin still has a role to play as a globally popular speculative token. It’s time for the decentralized stablecoins to take their place as the real peer-to-peer electronic cash systems.” ~ J.P. Koning
-
•
How Tether Can Improve Its Pie Chart
“Tether will be publishing its next pie chart sometime in the middle of August. Given its flagging issuance, Tether has every reason to do a better job than before. The whole cryptocurrency world will be watching.” ~ J.P. Koning