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The Blockchain Movement Is Dead, Long Live the Blockchain Industry

– January 18, 2019

With perfect hindsight, we construct narratives about how technology changes the world. The internet flattened the world. Cars replaced horses. But what we miss, the often-catastrophic messiness during those transitions, is so much more interesting.

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Bitcoin and Illegal Activity

– January 17, 2019

Bitcoin and other cryptocurrencies have a bad reputation. But they can be used to avoid high inflation and the effects of pernicious capital controls.

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Why Facebook’s Stablecoin is Good News for Crypto

– January 11, 2019

Technology rarely does what we hope or predict it will do. In a year of falling exchange rates and failed ICOs, Facebook’s co-option of blockchain technology might be the best news for the industry of 2018.

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Blockchain Basics

– January 7, 2019

The blockchain technology is essential when trust is sufficiently weak, monitoring is sufficiently costly, privacy is sufficiently important, or security is of sufficient concern.

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The Economic Fundamentals of Online Games

– January 1, 2019

Designing a game economy is more art than science, and testifies to the Hayekian notion that economics demonstrates how little we know about what we imagine we can design.

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What Ohio’s Tax Gimmick Really Means for the Blockchain Industry

– December 6, 2018

Regulatory uncertainty is one of the major risks facing the blockchain industry as it matures. Ohio’s courting of the industry throughout 2018 may have value beyond a handful of overblown headlines.

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Cryptocurrencies and the Denationalization of Money

– December 3, 2018

F.A. Hayek’s proposed market for private monies resembles the market for cryptocurrencies that has emerged over the last decade.

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Goodbye Cash, Hello E-krona

– November 27, 2018

The Riksbank—Sweden’s central bank—intends to issue a digital currency.

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Let’s Not Know Satoshi’s Identity

– October 26, 2018

One of the beautiful aspects of Bitcoin is that the creator is still unknown.

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Tether again Breaks the Buck

– October 15, 2018

Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.

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Regulated Stablecoins

– October 4, 2018

Regulation means both Gemini and Paxos must comply with NYDFS anti-money-laundering (AML) rules as well as efforts to counter the financing of terrorists (CFT).

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Blockchain Will Save Our Salad

– September 27, 2018

What this is about is what is called provenance, which is the definitive establishment and documentation of who has owned what and where it has been. This is the foundation contribution of blockchain, to prove provenance better than any other technology in history.

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