The bubble in comparing Bitcoin to the tulip bubble has gotten out of hand.
Bitcoin and Blockchain
Tuesday, December 26th, 2017
We place our trust in financial intermediaries because they have made costly investments over time to engender that trust. Processing payments on a blockchain essentially avoids these costs.
Saturday, December 23rd, 2017
From the time Bitcoin was introduced, it faced ridicule, disgust, smears, and anger. Incredulity would naturally greet a technology that achieved something never before thought possible.
Friday, December 22nd, 2017
There are many intermediate cases where Bitcoin has value for specific applications, without “replacing” the dollar, gold, or any other major underpinning of the global financial system.
Tuesday, December 19th, 2017
Mass adoption of cryptocurrencies is unlikely to take place unless there is “significant monetary instability” or “government support” (fat chance, at least with bitcoin).
Monday, December 18th, 2017
There will probably be a downturn at some point. But we can expect that the most functional cryptocurrencies will remain.
Friday, December 15th, 2017
There’s a lot of talk about bitcoin futures markets these days. And for good reason.
Wednesday, December 13th, 2017
Banning Bitcoin might have the unintended consequence of causing the average citizen to think a lot harder about why governments have a monopoly on currency in the first place.
Thursday, December 7th, 2017
Forget about the price of Bitcoin. The value of digital currencies should be measured in economic freedom and opportunity.
Tuesday, December 5th, 2017
The price of bitcoin has soared and many are left scratching their heads.
Tuesday, December 5th, 2017
Why do some commentators, all smart and competent economists, investors, and journalists, reach such vastly different conclusions about Bitcoin and blockchain technology?
Monday, December 4th, 2017
Is bitcoin based on a Marxist theory of value?
Monday, December 4th, 2017
We should not delude ourselves with notions that our small enclaves of devotees of this or that new technological miracle will make us invulnerable to government coercion. They will not.
Thursday, November 30th, 2017
In the words of fellow Nobel Laureate Bob Dylan, “don’t criticize what you can’t understand.”
Tuesday, November 28th, 2017
To maintain a high value in the long run, and thus be used as a currency, Bitcoin's dramatic rise will eventually have to moderate.
Thursday, November 23rd, 2017
Money is not about one person in isolation. It is social.
Tuesday, November 21st, 2017
This is the third and final article in a series about blockchain-enabled “smart contracts” and their ability to address retail fraud.
Monday, November 13th, 2017
Imagine if every time you bought a sandwich for a few dollars, the IRS forced you to treat as capital gains or losses any change in value of those dollars on the foreign exchange market since the time you earned them. That’s the way the U.S. government treats two legitimate forms of currency: gold and cryptocurrencies.
Friday, November 10th, 2017
The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.
Thursday, November 9th, 2017
Bitcoin’s messy governance structure might be protecting the currency, rather than preventing quick, strategic decisions.
