Topic: Cryptocurrency

Cryptocurrency, Monetary Policy

An Open Letter to Joseph Stiglitz on Bitcoin

– November 30, 2017

In the words of fellow Nobel Laureate Bob Dylan, “don’t criticize what you can’t understand.”

Cryptocurrency

Bitcoin 10,000 Highlights Conflict Between Asset and Currency

– November 28, 2017

To maintain a high value in the long run, and thus be used as a currency, Bitcoin’s dramatic rise will eventually have to moderate.

Cryptocurrency, Sound Money, Sound Money Project

Intrinsically Worthless to Whom?

– November 21, 2017

Money is not about one person in isolation. It is social.

Cryptocurrency

Smart Contracts Can Reduce Incentives to Commit Fraud

– November 21, 2017

This is the third and final article in a series about blockchain-enabled “smart contracts” and their ability to address retail fraud.

Cryptocurrency

Cryptocurrency Taxation: Looking for Light at the End of the Tunnel

– November 13, 2017

Imagine if every time you bought a sandwich for a few dollars, the IRS forced you to treat as capital gains or losses any change in value of those dollars on the foreign exchange market since the time you earned them. That’s the way the U.S. government treats two legitimate forms of currency: gold and cryptocurrencies.

Cryptocurrency

In Defense of Bitcoin Gridlock

– November 9, 2017

Bitcoin’s messy governance structure might be protecting the currency, rather than preventing quick, strategic decisions.

Cryptocurrency, Sound Money, Sound Money Project

Separating the Technology of Bitcoin from the Medium of Exchange

– November 7, 2017

The high price of bitcoin serves as a reminder of its rigid supply, which might ultimately be its undoing.

Cryptocurrency

Are Smart Contracts the Future of Fraud Prevention?

– November 7, 2017

This is the first in a series of three articles about blockchain-enabled “smart contracts” and their ability to address retail fraud.

Cryptocurrency

Bitcoin Must Centralize, But Where?

– November 2, 2017

While 2017 has seen massive increases in the price of Bitcoin, it might also be remembered as a sobering year for the cryptocurrency’s early adopters and supporters.

Cryptocurrency

How Important Are Bitcoin’s Network Effects?

– November 1, 2017

Analysts often speak of the possibility that Bitcoin, Ethereum, or another entrant will become the dominant cryptocurrency. But are we taking for granted that there must be a single winner?

Cryptocurrency

Bitcoin Adoption: Evolution or Revolution?

– October 20, 2017

If widespread use of Bitcoin or another cryptocurrency is truly in our future, some series of events will have to disrupt the status quo. Broadly speaking, I see two possibilities, which I’ll call the revolutionary and evolutionary approaches.

Cryptocurrency, Sound Money

CMRE Speakers Present Vastly Different Visions for the Future of Blockchain Technology

– October 5, 2017

On October 3, the Committee for Monetary Research and Education held a dinner in New York City featuring four distinguished speakers on the topic of blockchain technology versus fiat currency.