Topic: Cryptocurrency

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Blockchains Could Save Millions in Data Security Costs

– December 26, 2017

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

– December 23, 2017

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

– December 22, 2017

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?

– December 19, 2017

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

– December 18, 2017

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

– December 15, 2017

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

– December 13, 2017

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

– December 7, 2017

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?

– December 5, 2017

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

– December 5, 2017

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 and the Marxist Theory of Value

– December 4, 2017

Is bitcoin based on a Marxist theory of value?

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Bitcoin’s False Promise of Libertarian Salvation

– December 4, 2017

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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