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Why President Trump’s Banning the Petro Matters for Real Cryptocurrencies

– March 19, 2018

With the stroke of a pen, President Donald Trump may have just accomplished what most observers thought impossible: he’s made the Petro relevant.

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The Beatings of Crypto Will Continue Until Morale Improves

– March 19, 2018

In the ideal world, you invent something wonderful, the world celebrates and starts using it. You get rich. We can dream, can’t we?

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Gold Mining vs. Bitcoin Mining

– March 17, 2018

The contrasting supply and demand mechanisms of Bitcoin and gold mining pose real challenges to the cryptocurrency’s future.

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Wyoming Becomes the Most Crypto-Friendly State

– March 14, 2018

Wyoming has a thin population base, astonishing natural beauty, and a wonderful crew of politicians and regulators who believe in independence, innovation, and technological progress. Thanks to some wise activism from knowledgeable people in the space, the legislature just passed a series of bills that will make Wyoming something of a safe space for crypto.

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Yes, Dr. Roubini, Blockchain Is Overhyped — and That’s a Good Thing

– March 7, 2018

In an article in The Guardian this week, economists Nouriel Roubini and Preston Byrne call blockchain “one of the most overhyped technologies ever.” In an earlier piece, Roubini predicts that Bitcoin and other cryptocurrencies collectively are “the mother of all bubbles.”

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How Cryptomining Could Change Internet Economics

– March 5, 2018

By having users volunteer the CPU power to mining, websites could find that they will earn more from mining than from subscriptions or ads. This could change everything. 

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“Decentralized” and “Good” Are Not Synonyms

– March 1, 2018

The crypto community often forgets that there are costs to decentralization in addition to benefits.

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Hayek Coin

Cryptocurrencies and the Denationalisation of Money

– March 1, 2018

There are two important differences between modern cryptocurrencies and the competitive monies F.A. Hayek envisioned.

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Liquidity Crises and the Blockchain

– February 28, 2018

The blockchain represents a source of money creation that, during a crisis, might limit the extent to which asset prices fall.

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Bitcoin Is Not a Product

– February 26, 2018

It is absolutely essential to understand the distributed model even to have a first-level conception of what cryptocurrency really is. It is not a proprietary product. It is not a company. It is not even a brand. It is a technology. It is a technology that, by design and structure, doesn’t have an owner – or, more accurately, it is owned by anyone and everyone. It is a distributed ledger. The purpose of it is to carefully delineate ownership claims and provide a chronological and immunity audit trail of changes in ownership rights. Bitcoin is a token that provides evidence of authority and access to make changes in the ledger, and thereby absorbs and reflects the value of the services provided by the ledger itself.

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If Governments Regulate ICOs, They Should Do It Like the Swiss

– February 26, 2018

Many people disagree with government regulation of cryptocurrencies and initial coin offerings (ICOs), but one could do a lot worse than Switzerland’s financial regulator, Swiss Financial Market Supervisory Authority (FINMA).

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Point-Counterpoint on Regulating Bitcoin

– February 25, 2018

Do we need more government oversight for bitcoin? In a recent point-counterpoint debate, AEI’s Paul Kupiec and AIER’s William Luther square off.

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