Algorithmic Stablecoins
“Efforts to create stability without collateral are ambitious. The evidence that Empty Set Dollar and Dynamic Set Dollar have provided over the last few months suggests they are too ambitious. An algorithmic stablecoin only works so long as its users’ self-referential beliefs persist.” ~ J.P. Koning
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Exit the Bond Vigilantes, Enter the Crypto Vigilantes
“With the heightened pace and expanded scope of economic intervention over the last ten or fifteen years, the avenues through which markets can respond to government policies have been blunted. But fortunately for the genius of Satoshi Nakamoto, where the bond vigilantes once stood––and may someday return––now stand the crypto vigilantes.” ~ Peter C. Earle
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The SEC, Cryptocurrencies and Securities
“What are the implications of the Ripple suit for cryptocurrencies in general? Cryptocurrencies with a framework similar to Ripple’s obviously have a problem. Decentralized cryptocurrencies such as Bitcoin and Ether are far away from the situation creating problems for Ripple.” ~ Gerald P. Dwyer
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Bitcoin’s Impressive Year in Perspective
“No matter what your opinion is on bitcoin, its financial returns are no longer astronomical. Plenty of upstarts, small caps, established companies and even other cryptocurrencies posted that kind of return in the strange financial year that was 2020. Welcome back to the lower troposphere, bitcoiners ‒ or as the rest of us call it: reality.” ~ Joakim Book
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Why Does Bitcoin Have Value?
“Think of a world without essential third parties, including the most dangerous third party ever conceived of by man: the state and the central bank. Imagine that future and you begin to grasp the fullness of the implications of our future. Ludwig von Mises would be amazed and surprised at bitcoin. But he might also feel a sense of pride that his monetary theory of more than a century ago has been confirmed and given new life in the 21st century.” ~ Jeffrey A. Tucker
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Bitcoin Financial Literacy and Crypto-Twitter
“It is sad to see an excited gambler sell their house to go all-in on a longshot, whether that be on lottery tickets or on cryptocurrencies. It is shameful to encourage such behaviors. Cryptocurrencies like bitcoin are a game. Play responsibly.” ~ J.P. Koning
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AMPLs and YAMs aren’t Monies; They are Gambling Technologies
“It’s hard to see why AMPL or YAM could ever replace a dollar. While the price of these tokens is relatively benign, their quantity fluctuates wildly. So the total purchasing power of AMPLs (or YAMs) held in one’s wallet is quite volatile despite the purchasing power of a given AMPL (or YAM) being stable. Put plainly, these aren’t dollar substitutes.” ~ J.P. Koning
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In Defense of Bitcoin Billionaires
“It’s refreshing to read an account of early Bitcoin – not the programming, the cryptography, or the scandals, but the dreamy futurists and their financiers.” ~ Joakim Book
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There Will Be No New Bitcoin Man
We live with many of these so-called shortcomings – ignorance, present bias, expansive financial services, pleasure-seeking consumerism, price stability – because we want to and because our psychology and biology implores us to. Not, as bitcoin bros would have you believe, because of fiat money regimes.
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Bitcoin’s Disappointing Performance Shows Why Having a Good Product Is Not Enough
Developers, miners, and other players in the Bitcoin community should not let the next opportunity to make the blockchain-based currency useful pass. Bitcoin can’t be the asset many of its developers want it to be without incentivizing the type of curiosity needed to change deeply held beliefs.
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The Satoshi Revolution by Wendy McElroy
Wendy McElroy, from her past studies of history and her current deep dive into crypto-technology, understands the power of ideas. Bitcoin and all that is related to it are among the most revolutionary ideas in history.
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Are All Cryptocurrencies Pyramid Schemes?
All moneys and valuable items are pyramid schemes, and all holders of money and valuable items hope that the next person in line will pay more for them. That’s how monetary balances work. No big deal.
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