Saturday, 19 August 2017


The Regression Theorem: In Light of Bitcoin

July 18, 2017

In three previous posts, I have described the regression theorem, discussed its practical applications, and considered some misconceptions. In this post, I will consider the regression theorem in light of bitcoin. The discussion around bitcoin and the regression theorem usually focuses on whether bitcoin has some intrinsic worth (read: non-monetary use). If bitcoin is intrinsically […]

Read More

2014 Sound Money Rankings: the bottom of the list

Posted by Alex Chafuen
January 5, 2015

As several of the worse performing currencies are in countries where the government manipulates statistics and exchange rates, it is not easy to come up with a perfect ranking. Using the inflation rate is a good approximation. In Venezuela the official price inflation is over 60%. In Argentina statistics are so manipulated that it is […]

Read More

Realizing Bitcoin’s potential

July 22, 2014

Governments around the world are grappling with what to do with Bitcoin — the cryptocurrency that has attracted enthusiasts worldwide, endured the bankruptcy of one major exchange (Tokyo-based Mt. Gox), and puzzled fans and detractors alike with regard to its legal status. The Montreal Economic Institute recently published a study that discusses Bitcoin’s potential. In […]

Read More

Private innovation in currencies is a good thing

Posted by Gonzalo Schwarz
April 22, 2013

by Matt Ridley I have a column in the Times on bitcoins and their implications for private money Bitcoins — a form of digital private money — shot up in value from $90 to $260 each after Cypriot bank accounts were raided by the State, then plunged last week before recovering some of their value. […]

Read More

Good Money Is Real Money

Posted by Gonzalo Schwarz
November 5, 2012

by Doug French One of the key pillars to returning money to the people, as Ron Paul mentions in a new edition of The Case for Gold which will be released this week for free to Laissez Faire members, is to undo government’s monopoly on money creation. None of us can imagine what that would be like […]

Read More

Why Apple is Afraid of Bitcoin

Posted by Gonzalo Schwarz
June 18, 2012

by Jon Matonis When you finally grasp the magnitude of Apple’s play in the payments business, itbecomes clear that potential competitors will be shunned from the platform. As Daniel Terdiman suggests in CNET, “New Apple features may leave fresh approadkill in their wake as Apple is likely to undercut several existing third-party applications.” With the introduction of Passbook, Apple has launched mobilepayments on iOS and competing virtual payment systems, including bitcoin, mustbe terminated. Roadkill in payment apps has already occurred and they were never given the chance to be made irrelevant. The decentralized digital currency bitcoin has hadtwo functioning payment applications on the Apple App Store — Blockchain Walletand BitPak, both of which have since been unceremoniously evicted. Several otherbitcoin-related apps currently appear in the store but they don’t seem to berestricted by Apple since they don’t enable send/receive transaction capability as the wallets do…  Continue reading at…

Read More