Bitcoin and the Cost Fallacy

– August 4, 2022

“Energy cost doesn’t put a floor under the price. Instead, it is the price that influences the energy cost. The price of bitcoin is just about supply and demand. Same as it ever was.” ~ Joshua R. Hendrickson


El Salvador and Bitcoin: A Love-Hate Story

– July 25, 2022

“El Salvador can be seen as either a pioneer in the world of cryptocurrencies or as a country that is reckless in its government finances.” ~ Daniel Fernández


Are Cryptoassets The Great Scam?

– June 20, 2022

“The regulations in the Lummis-Gillibrand Responsible Financial Innovation Act, made public on the same day as publication of Krugman’s article, are far more likely to provide a brighter future than prohibiting cryptocurrencies, stablecoins or other digital assets.” ~ Gerald P. Dwyer


When A Dollar Isn’t a Dollar

– May 28, 2022

“A few weeks ago the stablecoin called TerraUSD broke its peg from the dollar and collapsed along with the protocol’s flexible price LUNA token, and now you know why.” ~ Joshua R. Hendrickson


Modern Day Bills of Exchange

– May 10, 2022

“Bitcoin, or cryptocurrency more generally, allows us to look at issues related to exchange, money, payments, and finance through a new lens.” ~ Joshua R. Hendrickson


The Future Will Be Flatter than Ever

– May 6, 2022

“Thomas Friedman declared in his 2005 book The World is Flat, that the world is flat. This “flattening” (or leveling of the playing field, as we might think of it) continues today in radically new ways that Friedman may not have imagined.” ~ Emile Phaneuf


The Possibilities Inspire: A Review of ‘Check Your Financial Privilege’

– April 28, 2022

“Across the world, Gladstein’s investigative journalism shows how Bitcoin is a tool for individuals and communities to protect their wealth and promote their well-being in the face of repressive regimes. It is a sobering perspective” ~ David Waugh


Three Topics for Young Political Economists

– April 19, 2022

“I would claim that the growth of platforms that allow peer-to-peer cooperation, and foster the low-cost commodification of excess capacity, are likely to change our relations to work, to ownership, and to each other.” ~ Michael Munger


Crypto’s Privacy/Commingling Dilemma

– March 31, 2022

“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


Native American Tribe Hopes to Colonize the World With Digital Freedom

– March 30, 2022

“If the Green Earth Zone project is successful, Native Americans – of all people – will have saved a few scraps of freedom. That they’re willing to share that freedom with the rest of us speaks volumes about the integrity of the Catawba people.” ~ Max Borders


Where Does Saifedean Think Money Comes From?

– March 24, 2022

“There’s plenty wrong with central banking, no doubt, but showering broken institutions with infinite credit lines and opportunity-cost free funding isn’t one of them.” ~ Joakim Book


Not Every “Crypto” Is Decentralized: Proof-of-Work vs Proof-of-Stake

– March 23, 2022

“Policymakers seeking to ban Proof-of-Work, or thinking it can be easily replaced by Proof-of-Stake would do well to keep the inherent and important tradeoffs between the two consensus mechanisms in mind.” ~ David Waugh