Bitcoin and Blockchain

Thursday, March 16th, 2017

How much does it cost to make a bitcoin?

Thursday, March 16th, 2017

We have written recently at AIER about how blockchain – and bitcoin, the cryptocurrency that is one early and prominent application of blockchain technology – may be important to the future of money and exchange. In this article, I discuss how in the past few years, the center of gravity of the bitcoin world moved to China and the lessons we can draw from the resulting cycle of consolidation and regulation. This may have important implications for the future of bitcoin, as well as a being a potential challenge to the decentralization that is part of the fundamental appeal of cryptocurrencies.

Wednesday, March 8th, 2017

New technologies that bring major changes to society rarely do so in ways that are straightforward or easy to predict. In a previous article, we described the basics of blockchain technology and how it could enhance and safeguard fundamental economic rights. Viewing adoption of this technology as an inevitable force that will protect civil liberties and reduce government dominance over legal and economic affairs is therefore tempting.

Friday, March 3rd, 2017

New technology can both disrupt and entrench existing large and powerful players in a market. In a previous article, I explained the importance of blockchain technology. A blockchain is a type of database that is distributed to all users without a centrally managed hub and that stores unalterable digital records. It is most commonly known today as the technology underlying bitcoin, keeping records of the cryptocurrency’s ownership and allowing ownership to be transferred.

Thursday, February 16th, 2017

In recent weeks, Chinese regulators have taken a stronger interest in bitcoin, the cryptocurrency that was the first major application of blockchain technology and that we have recently highlighted in this blog.

Thursday, February 9th, 2017

Many individuals would like exposure to bitcoin but do not want to complicate their finances with a bitcoin wallet

Wednesday, February 8th, 2017

Those who dream of a world with greater economic freedom have traditionally relied on the pen, the ballot box, and sometimes the sword to effect change. But a relatively new technology called blockchain may make the computer a potent tool to achieve greater liberty.

Thursday, July 14th, 2016

The disappointing performance of the global financial markets this year has left many investors looking for better opportunities. Therefore, an investment like Bitcoin may catch their eyes. After all, its price has jumped from about $430 in January to about $660 today (July 14), a growth rate of slightly more than 50 percent

Monday, January 5th, 2015
As several of the worse performing currencies are in countries where the government manipulates statistics and exchange rates, it is not easy to come up with a perfect ranking. Using the inflation rate is a good approximation.
Tuesday, July 22nd, 2014
Governments around the world are grappling with what to do with Bitcoin — the cryptocurrency that has attracted enthusiasts worldwide, endured the bankruptcy of one major exchange (Tokyo-based Mt. Gox), and puzzled fans and detractors alike with regard to its legal status.
Monday, April 22nd, 2013
by Matt Ridley I have a column in the Times on bitcoins and their implications for private money
Monday, April 23rd, 2012

Should a monetary system be centrally planned? Don't make Dr. Selgin laugh.

Tuesday, June 21st, 2011
In the argument between proponents of fractional reserve and 100% reserve banking, it often comes down to a moral argument with the Full Reservers usually charging that fractional reserve banking (FRB) is inherently fraudulent because it is placing two full, separate claims on the same item, i.e.
Friday, June 17th, 2011
Bitcoins (BTC) have found their way into the news recently, largely as a result of their association with the underground economy via the “Silk Road: Anonymous Marketplace,” and are very much worth examining in a forum dedicated to sound money. They are a completely decentralized, mostly anonymous,