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On Price And Output Volatility: How Bad Is Bitcoin’s Flaw?

On Price And Output Volatility: How Bad Is Bitcoin’s Flaw?

by Joakim Book In the olden days from which our modern economic world sprung, prices were usually long-term stable but short-term unpredictable. While the value of the currency unit – the amount of goods and services you could get for a given amount of funds, income, or wealth – held fairly stable over cycles and over […]

Mises’s Regression Theorem, Bitcoin, And Subjective Value Theory

Mises’s Regression Theorem, Bitcoin, And Subjective Value Theory

by Emile Phaneuf III Mises’s regression theorem, first detailed in the original 1912 German version of his book The Theory of Money and Credit, sought to explain how the purchasing power of money is determined in the market. The regression theorem was an attempt to solve a problem which puzzled the economists of his day – […]

The Irony Of China’s Most Recent Bitcoin Ban

The Irony Of China’s Most Recent Bitcoin Ban

by Peter C. Earle Various aspects of cryptocurrency use have been banned in China numerous times over the better part of the last decade. The most stringent barriers yet, though, were announced on Friday, September 24th. In a series of statements, Chinese economic planners listed their edicts in stepwise fashion, including no financial supports or […]

El Salvador’s Bitcoin Introduction Hits Early Snags

El Salvador’s Bitcoin Introduction Hits Early Snags

by Peter C. Earle El Salvador’s conversion into the first Bitcoin economy in the world has seen a rocky first 48 hours. Over the weekend a number of protests took place. On September 7th, the day of the actual switch from the US dollar to Bitcoin, the government-selected wallet’s network crashed. And although not necessarily signifying anything, […]

Government Opposition To Bitcoin

Government Opposition To Bitcoin

by William J. Luther The network effects problem is not the only obstacle caused by the widespread use of incumbent monies. Since the vast majority of incumbent monies are issued by governments, those considering the extent to which bitcoin is likely to gain widespread acceptance must also be concerned with government opposition. Those in favor of […]

California Is the 3rd Worst State To Mine Crypto

California Is the 3rd Worst State To Mine Crypto

Cryptocurrency (or “crypto”) refers to digital currencies that can be used to buy regular goods and services. But instead of relying on paper money or banks to complete transactions, cryptocurrencies make use of a decentralized online ledger to verify transactions. Cryptocurrencies can be bought through exchanges using traditional currencies or they can be earned through […]

Powerhouse Financial Company To Launch Its Own Cryptocurrency After Its CEO Called Bitcoin ‘Fraud’

Powerhouse Financial Company To Launch Its Own Cryptocurrency After Its CEO Called Bitcoin ‘Fraud’

By Evie Fordham Financial powerhouse JPMorgan is launching its own digital coin — even though JPMorgan CEO Jamie Dimon called bitcoin a “fraud” in 2017. “JPM Coin” will have a fixed value of $1. It will only be available for major institutional customers in trials that will start in a few months, reported CNBC. JPMorgan wants […]

Are Digital Assets Coming Of Age?

Are Digital Assets Coming Of Age?

Colin Lloyd   Last month more than 12,000 delegates descended on Miami for the 2021 Bitcoin Conference. This year’s event attracted six times the number who attended the 2019 event. With luminaries ranging from Twitter and Square CEO, Jack Dorsey, to libertarian icon, Ron Paul, in attendance, it begs the question, ‘Have digital assets finally […]

The Decentralization Fetish

The Decentralization Fetish

William J. Luther   There is a common view among bitcoin advocates, which also prevails to some extent among economists working in the Austrian tradition, that decentralization is always good and more-decentralized solutions are always better. In both forms, this view starts with a reasonable premise. Bitcoin revolutionized payments by enabling digital transactions to take […]

Bitcoin, Rare & Gold Coins—Which Investment is Right for You?

Bitcoin, Rare & Gold Coins—Which Investment is Right for You?

    By Merilee Kern, MBA Coin Conundrums: Expert vets 3 popular ‘flight to safety’ coin assets amid forecasted financial strife As the financial markets strive to rebound from what has been a hugely trying and tumultuous period, courtesy of a deadly global pandemic, we may need to brace ourselves for yet more trouble ahead. […]

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