This isn’t a ponzi scheme, conspiratorial black box, or “animal spirits” run amok. This, my friends, in all its messy and occasionally terrifying glory, is a market.
READ MOREA fixed money supply is not a good monetary rule. Efforts to move toward more elastic supplies should be welcomed.
READ MOREFinancial privacy does not get much attention from central bankers. But questions about privacy are becoming increasingly important.
READ MOREBitcoin and crypto in general are especially susceptible to shady operations. People assume two things about this sector: 1) it is too hard for normal people to understand, and 2) if you are not in, you are missing out. This is a perfect opportunity for the con man.
READ MOREA new NBER working paper shows how cryptocurrencies have no exposure to most common stock market risks but do have their own exposure.
READ MOREBlockchain is going mainstream, and that’s a good thing.
READ MOREThe blockchain can intermediate funds. That means the elements are in place for the development of a stable financial market.
READ MOREHow is it possible in a free market to use “too much” electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isn’t going away anytime soon.
READ MORECryptocurrency and blockchain technology in general face a particularly high hurdle when it comes to people’s developing an intuitive mental model.
READ MOREA new blockchain initiative promises to make it easier for refugees transporting wealth.
READ MOREThe beauty of blockchain technology is that it makes old intermediaries unnecessary. Intermediation of cryptocurrency can be performed on the blockchain. It does not require a third party.
READ MOREA new cryptocurrency, “basis,” seeks to eliminate price volatility by setting up an “algorithmic central bank,” that is, a set of rules that adjust the money supply without human intervention.
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