26 Nov '14, 12am

Welcoming the Bitcoin challenge: the case for opening up currency markets to competition

Welcoming the Bitcoin challenge: the case for opening up currency markets to competition

The emergence of Bitcoins and other forms of digital currency could revolutionise money markets. If competition is so good in markets for products, why shouldn’t we allow competition in markets for currency too – why should governments have a monopoly? Our current system of coinage and paper money has evolved from centuries of turbulence – could digital currencies provide the stability to prevent shocks in the future? The upfront cost of printing a piece of paper and calling it “currency” is essentially zero, as Robert Mugabe can confirm. The short term benefits of printing lots of money are as enormous as you want them to be, but the long term costs of inflation and loss of reputation are devastating. So there is not much more reason to believe that a privately created currency will demonstrate any more monetary discipline than a desperate despot. In America, various colo...

Full article: http://www.theguardian.com/commentisfree/2014/nov/26/welc...

Tweets

Could Digital Currency Make Our Money More Secure?

Could Digital Currency Make Our Money More Secure?

forbes.com 25 Nov '14, 1pm

The second hurdle is that the regulatory framework hasn’t gotten worked out. A lot of Bitcoin businesses are trying to get...

Who Will Benefit From Digital Currency? Bitcoin...

forbes.com 26 Nov '14, 2pm

One hypothesis is that MIT undergrads might think that Venmo and cash are perfectly fine for their money transfer needs, a...

What’s really innovative about Bitcoin is that ...

forbes.com 25 Nov '14, 6am

At its core, the new technology that’s been invented in the last few years is a way to maintain a ledger or spreadsheet th...

Markets Weekly: Could Central Banks Spark a Bit...

coindesk.com 24 Nov '14, 11am

Following mid-November's price spike, the bitcoin markets have resumed regular service. The price has dropped slightly, wh...

What do you know about #NHS reforms? @NEF tells...

neweconomics.org 26 Nov '14, 12am

Markets are the wrong medicine for the NHS Photo credit: Tambako The Jaguar November 26, 2014 // By: Anna Coote Government...

Faith, Math and Circular Logic: Why Bitcoin is More Valuable Than ANY Fiat Currency Today!

Faith, Math and Circular Logic: Why Bitcoin is ...

zerohedge.com 24 Nov '14, 3pm

" I told the tale of my trip to the UK to strum up interest in Veritaseum's UltraCoin (see excerpt at end of this post). D...

This Bitcoin experiment shines a light on who m...

forbes.com 28 Nov '14, 1pm

One hypothesis is that MIT undergrads might think that Venmo and cash are perfectly fine for their money transfer needs, a...

Chamber of Digital Commerce Hires Matthew Mellon to Ease Bitcoin's Banking Woes

Chamber of Digital Commerce Hires Matthew Mello...

coindesk.com 25 Nov '14, 10pm

The Chamber of Digital Commerce (CDC) has named bitcoin entrepreneur and banking family scion Matthew Mellon as its new ex...

Plan a trip to one of these cute Christmas Euro...

cntraveller.com 24 Nov '14, 9am

The surrounding trees are hung with lanterns. The air fills with the sweet, spicy scents of glühwein, gingerbread and sizz...

Sam Lewontin of Everyman Espresso Wins 2015 NE ...

sprudge.com 25 Nov '14, 7pm

In Mr. Lewontin’s hands, Batlle’s Finca Los Alpes yielded “nectarine and grapefruit” notes as espresso, with a “beautiful ...

Best idea for bitcoin storage. It just makes se...

vimeo.com 26 Nov '14, 5am

Create Video School Learn how to make better videos. Music Store Get free and affordable licensed tracks. Cameo New! Creat...

PayPals Bitcoin Integration And The Future Of D...

charlesmilander.com 28 Nov '14, 9pm

Editors note: is the COO of . Previously he was VP of risk management at executive and adviser to Square. Recently, severa...

PayPal’s Bitcoin Integration And The Future Of ...

techcrunch.com 28 Nov '14, 8pm

Editor’s note: Ken Miller is the COO of Gem . Previously he was VP of risk management at PayPal executive and adviser to S...