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.
READ MOREFrom 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.
READ MOREThere 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.
READ MOREMass adoption of cryptocurrencies is unlikely to take place unless there is “significant monetary instability” or “government support” (fat chance, at least with bitcoin).
READ MOREThere will probably be a downturn at some point. But we can expect that the most functional cryptocurrencies will remain.
READ MOREThere’s a lot of talk about bitcoin futures markets these days. And for good reason.
READ MOREBanning 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.
READ MOREForget about the price of Bitcoin. The value of digital currencies should be measured in economic freedom and opportunity.
READ MOREThe price of bitcoin has soared and many are left scratching their heads.
READ MOREWhy do some commentators, all smart and competent economists, investors, and journalists, reach such vastly different conclusions about Bitcoin and blockchain technology?
READ MOREIs bitcoin based on a Marxist theory of value?
READ MOREWe 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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