What Travel Agents Can Teach Us About Blockchain
Disruptive technologies are rarely superior to incumbents in every single product or service the latter provides. And incumbents are rarely passive enough not to adapt and adopt in response to technological change.
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The Problem with Stable Coins
Price volatility is a big problem in the crypto world. But stable coins like Tether, Sagacoin, and Basis have their own issues.
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What Monks Can Teach Us About Blockchain
“While we sit around wondering why blockchain and other technologies aren’t turning the world upside down before our very eyes, it’s instructive to remember that epoch-defining inventions of the past that we now reduce to a sentence or two actually took ages to unfold.” ~ Max Gulker
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Communist Theory Can’t Account for Crypto
A number one fallacy in the history of economics is the labor theory of value. The idea here is that things and actions are made valuable by how much work we put into making them. Sounds intuitively right. It’s completely wrong. Things have value because you and I value them, regardless of labor inputs.
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Why Crypto’s Brutal Day May Be Good News for Crypto
This isn’t a ponzi scheme, conspiratorial black box, or “animal spirits” run amok. This, my friends, in all its messy and occasionally terrifying glory, is a market.
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Elastic Cryptocurrency Supplies: A Step in the Right Direction
A fixed money supply is not a good monetary rule. Efforts to move toward more elastic supplies should be welcomed.
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Money Is Privacy
Financial privacy does not get much attention from central bankers. But questions about privacy are becoming increasingly important.
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The Dark Side of Crypto Entrepreneurship
Bitcoin and crypto in general are especially susceptible to shady operations. People assume two things about this sector: 1) it is too hard for normal people to understand, and 2) if you are not in, you are missing out. This is a perfect opportunity for the con man.
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Cryptocurrencies Don’t Behave Like Other Assets
A new NBER working paper shows how cryptocurrencies have no exposure to most common stock market risks but do have their own exposure.
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Wall Street Rallies for Blockchain Technology: Video
Blockchain is going mainstream, and that’s a good thing.
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Lending on the Blockchain: Problems and Solutions
The blockchain can intermediate funds. That means the elements are in place for the development of a stable financial market.
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Bitcoin Mining Meets the Dizzying Reality of Electricity Markets
How is it possible in a free market to use “too much” electricity to mine Bitcoin? The problem lies in the pricing in our electricity markets, and it isn’t going away anytime soon.
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