Wednesday, 20 September 2017

Bitcoins

The Politics of Bitcoin

Posted by William Luther
May 26, 2017
in Blog

David Golumbia has a new book titled The Politics of Bitcoin: Software as Right-Wing Extremism. It has received less than stellar reviews from Duke University’s Mike Munger and Bitcoin Magazine’s  Giulio Prisco. So, perhaps I am just piling on. But pile on I must. Here’s the short version: Many see bitcoin as a clever piece […]

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Bitcoin: A New Medium of Exchange or a New Investment Vehicle?

July 21, 2014
in Blog

By Tien Nguyen Bitcoin has been a significant innovation of electric money for the past five years and with a fascinating and breakthrough characteristic, it is undoubtedly true that Bitcoin is marking a whole new turning point in money’s features, particularly in money transaction. Bitcoin is the first decentralized digital currency and compared to other […]

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Private innovation in currencies is a good thing

Posted by Gonzalo Schwarz
April 22, 2013
in Blog

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. […]

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The European Central Bank on Bitcoins

Posted by Gonzalo Schwarz
November 2, 2012
in Blog

by Robert Wenzel I have finally had a chance to read in full the unsigned report by the European Central Bank that I mentioned earlier this week. The report is quite impressive.The report clearly states the advantages of Bitcoins versus current credit/debit cards: Firstly, transactions are anonymous, as accounts are registered and Bitcoins are sent […]

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A Bit of Sound Money: BTC & FRB

Posted by Gonzalo Schwarz
June 21, 2011
in Blog

In the argument between proponents of fractional reserve and 100% reserve banking, it often comes down to a moral argument with the Full Reservers usually charging that fractional reserve banking (FRB) is inherently fraudulent because it is placing two full, separate claims on the same item, i.e. a piece of purchasing power*. The Fractional Reservers […]

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A Bit of Sound Money: Can Trust Be Centrally Planned?

Posted by Gonzalo Schwarz
June 17, 2011
in Blog

Bitcoins (BTC) have found their way into the news recently, largely as a result of their association with the underground economy via the “Silk Road: Anonymous Marketplace,” and are very much worth examining in a forum dedicated to sound money. They are a completely decentralized, mostly anonymous, and very interesting new attempt to take on the […]

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