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Blockchain Works Like Money in Yap

– January 19, 2018

Blockchain is a technical innovation. But it is not an innovation in how we aspire to live. There is a big difference. The blockchain allows people to achieve something we have always wanted to do but haven’t been able to do until now. The stone money on the island of Yap is an example. 

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What Would a Dotcom-Style Crash Look Like in the Cryptocurrency Space?

– January 17, 2018

The bursting of bubbles can make insutries stronger.

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Bitcoin Creates Trust Where It Previously Couldn’t Exist

– January 12, 2018

What Bitcoin and other blockchain-based cryptocurrencies do is allow transactions to happen in places where trust previously would not have been possible.

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Could ICO Funding Help Find “Lost Einsteins?”

– January 9, 2018

Think about how many brilliant ideas may have been squashed because a would-be inventor was either turned down by traditional gatekeepers of funding, or because they lacked the network or social capital to even initiate the process.

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SEC Issues Warning and Cryptos Jump 10%

– January 5, 2018

Had the state-backed systems of money and payments been working properly, and had been upgraded to work in the digital age, there would have been no need for crypto in the first place. This is the point that official organs will never admit.

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Why Do We Need So Many Monies?

– December 31, 2017

A few years ago, Bernie Sanders uttered a passing comment that elicited howls of laughter among believers in competitive markets. “You don’t necessarily need a choice of 23 underarm spray deodorants,” he said. Today, many people are saying the same thing about cryptocurrencies. Why so many? What’s the point? Why not one only or, actually, what not just stick with the dollar? The point is that we need a rivalrous process with free entry to discover the better way to do money. And we need this process to run forever. 

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The Market for Cryptocurrencies in 2017

– December 30, 2017

Much progress has been made. And, yet, there is still much room for improvement.

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Krugman Said It: Bitcoin Is Evil

– December 28, 2017

Nobody should celebrate a system of money and finance in which government controls the on-ramps and off-ramps based on political loyalties. That’s proven to be a very dangerous system. What we need is a censor-proof technology that can make prosperity possible for ever larger swaths of humanity. That’s not “evil”; it’s gloriously good.

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Tulip-Mania Mania Is a Bubble Bound to Burst

– December 27, 2017

The bubble in comparing Bitcoin to the tulip bubble has gotten out of hand.

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Blockchains Could Save Millions in Data Security Costs

– December 26, 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.

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CryptoCurrency Markets Keep Know-It-Alls Humble

– December 23, 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.

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Bitcoin Isn’t an All-or-Nothing Proposition

– December 22, 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.

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