YouTube Censors Florida Governor DeSantis and His Science Advisors
“The pulling of the roundtable video comes a day after the total humiliation of 60 Minutes in many stories that defended the governor. Its deletion of the most viewed version online denies viewers the opportunity to observe DeSantis’s impressive knowledge on the subject of the coronavirus and the public policy response.” ~ Jeffrey Tucker
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The Promise of Cryptocurrencies
“Cryptocurrencies have the potential to improve upon both commodity and fiat monies. If designed properly, a cryptocurrency would anchor long-run expectations and provide timely supply adjustments at a lower cost than commodity and fiat monies.” ~ William J. Luther
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China’s Digital Currency Has Nothing to do with Bitcoin
“Governments who attempt to create their own crypto now are merely seeking to bathe in the warmth of one of our epoch’s greatest creations even while they eschew everything that made Bitcoin and other tokens so wonderful. The market itself is now in a position to decide. In the long term, the market will choose its friends over its enemies.” ~ Jeffrey Tucker & Peter C. Earle
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India’s Impending War on Crypto
“Indian citizens have embraced cryptocurrencies in astonishing numbers, and despite the government’s best efforts to suppress the crypto economy, history would indicate that it’s a futile endeavor. By trying to ban them, the case for cryptocurrencies is made all the more clear, propelling their use and further innovation. The cryptocat is out, irrevocably so, of the bag.” ~ Peter C. Earle
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Bitcoin Bros Rediscovering Our Monetary Past
“For all the revolutionary creed that surrounds the emerging monetary commodity that is bitcoin, it seems that its future more and more resembles the past it tried to escape. Happy times for us monetary nerds.” ~ Joakim Book
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Bitcoin Continues Steady Mainstream Adoption
“At the moment, the idea of cryptocurrency and blockchain technology is still emerging technology but at one point they were considered fringe. Their increasing adoption not only lends support for the ongoing rise of Bitcoin’s value but demonstrates an interesting inflection point for financial affairs.” ~ Ethan Yang
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Mastercard’s Crypto Ruse
“With more corporate powerhouses supporting cryptocurrencies by the month, it appears that crypto is here to stay. Whether those cryptos are the ones currently popular or this announcement by Mastercard acts to initiate a path dependent development process is presently unknown and unknowable. Other recent initiatives by the massive processing firm suggest a focus that may thwart, rather than promote, the expansion of genuine, public cryptocurrency use.” ~ Peter C. Earle
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Escape Hatches: Migration, Bitcoin, and the Ability to Get Out
“Keep more mobile assets; have larger buffers, financial and physical; instead of a large house in a nice suburb, perhaps aim for a smaller home coupled with a condo or house in a different jurisdiction? Don’t put all your financial eggs in one portfolio – keep some gold and some bitcoin; keep healthy; update your survivability skills. Ensure that your escape hatches remain open.” ~ Joakim Book
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The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds in the face of obstacles.” ~ Peter C. Earle
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Accountants Have Learned To Live With Crypto
“Accounting professionals need to learn to live and work with crypto, and standard setters need to be proactive in the creation of crypto-specific standards. Applying standards developed for the 20th century economy to 21st crypto assets is already causing issues, and should be rectified to avoid wider market disruptions.” ~ Sean Stein Smith
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A Currency that Rises in Value Will Change Everything
“Maybe widespread ownership and use of Bitcoin and other cryptos can make a cultural and economic contribution to converting us from profligate to thrifty in the way our great-great grandparents could celebrate. After all, it was they, and the gold standard under which they lived, that set us on the course to building a modern and prosperous way of life that inflationary paper currency has done so much to reverse.” ~ Jeffrey Tucker
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Tesla’s Bitcoin Purchase Is the Start of a Bullish Monetary Future
“The bullish future that Tesla seems to be helping to usher in is one of private monies replacing government money, of individuals asking for compensation in money they trust over money that governments haven’t always overseen in trustworthy fashion. Elon Musk is helping to bring the future into the present. We’ll all be better off as a result.” ~ John Tamny
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