Blockchains Could Save Millions in Data Security Costs
We place our trust in financial intermediaries because they have made costly investments over time to engender that trust. Processing payments on a blockchain essentially avoids these costs.
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CryptoCurrency Markets Keep Know-It-Alls Humble
From the time Bitcoin was introduced, it faced ridicule, disgust, smears, and anger. Incredulity would naturally greet a technology that achieved something never before thought possible.
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Bitcoin Isn’t an All-or-Nothing Proposition
There are many intermediate cases where Bitcoin has value for specific applications, without “replacing” the dollar, gold, or any other major underpinning of the global financial system.
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Are Fiat-Currency Crises the Only Path to Mass Adoption of Bitcoin?
Mass adoption of cryptocurrencies is unlikely to take place unless there is “significant monetary instability” or “government support” (fat chance, at least with bitcoin).
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Bubbles, Technology, and Bitcoin
There will probably be a downturn at some point. But we can expect that the most functional cryptocurrencies will remain.
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The Futures of Bitcoin
There’s a lot of talk about bitcoin futures markets these days. And for good reason.
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How Banning Bitcoin Could Backfire
Banning Bitcoin might have the unintended consequence of causing the average citizen to think a lot harder about why governments have a monopoly on currency in the first place.
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The Value of the Blockchain in Society
Forget about the price of Bitcoin. The value of digital currencies should be measured in economic freedom and opportunity.
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Why Is Bitcoin So Valuable?
The price of bitcoin has soared and many are left scratching their heads.
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We Have No Idea What the Future of Bitcoin and Blockchain Will Look Like
Why do some commentators, all smart and competent economists, investors, and journalists, reach such vastly different conclusions about Bitcoin and blockchain technology?
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Bitcoin’s False Promise of Libertarian Salvation
We should not delude ourselves with notions that our small enclaves of devotees of this or that new technological miracle will make us invulnerable to government coercion. They will not.
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