Topic: Cryptocurrency

Bitcoin’s Fixed Money Supply Is a Weakness

– August 28, 2019

Contrary to what maximalists believe, Bitcoin’s fixed supply is its major drawback to becoming the world’s preferred money, especially so if it is not accompanied by fractional-reserve Bitcoin banks.

Cryptocurrency

Will Money and Finance Keep Decentralizing or Not?

– July 24, 2019

What decentralized finance really needs is something entirely new. Something that regular finance can’t replicate. Something so useful that regular consumers will desert their bank to use it. This killer tool hasn’t been created.

Cryptocurrency

The Dollar, Not Crypto, Is a National Security Issue

– July 17, 2019

If the current path is maintained (and quite possibly even if it isn’t), the future belongs to truly “dependable and reliable” monetary media: cryptocurrencies and precious metals

Cryptocurrency

Competition Among Cryptocurrencies Is Likely Here to Stay

– July 10, 2019

The idea of inevitability does not mix well with the logic of markets. We need markets and competition precisely because as human beings we have nowhere near the information or capacity necessary to make deterministic statements about the future.

Cryptocurrency

No Sandbox for Libra

– July 2, 2019

Libra could become successful, but there are acknowledged technical issues that must be resolved for that success to happen, and they will take time.

Cryptocurrency

Listen to Your Crypto Update

– July 1, 2019

There is so much going on right now in cryptoland. Here are two audio interviews.

Cryptocurrency

Bitcoin Remains Vastly More Volatile Than Traditional Currencies

– June 28, 2019

While reading tea leaves based on Bitcoin’s price to predict the cryptocurrency’s ultimate success is tempting, its day-to-day volatility is perhaps more important in determining its practicality as a store of value.

Cryptocurrency, Currency, Gold Standard

Back the Libra with Gold, Says Steve Forbes

– June 26, 2019

The Libra could be to money and finance what Henry Ford was to automobiles.

Central Banking, Cryptocurrency, Monetary Policy

A Currency Upheaval Is Coming

– June 25, 2019

If the managers of the dollar instead seek isolation, protection, sanctions, blacklisting, and devaluation, powerful market forces will continue to seek alternatives.

Cryptocurrency, Sound Money

Cryptocurrencies, Meet the Financial Action Task Force

– June 18, 2019

Cryptocurrencies are a different sort of financial technology from bank deposits, yet they are being shoehorned into the same category for regulatory purposes.

Cryptocurrency, Sound Money, Technology

Is Facebook’s Libra the Dollar’s Killer App?

– June 15, 2019

Facebook’s Libra is easily and probably rightly criticized by crypto purists as a halfway house that makes too many concessions to legacy systems and plays too nicely with the existing regulatory system. All true. But that’s not where the story ends.

Cryptocurrency

Why did Bitcoin’s Price Increase by 24% in 90 minutes?

– May 12, 2019

Volatility is to be expected for new media of exchange. But one should also be able to trace a lot of that volatility to news.