Much of the conversation about bitcoin adoption focuses on its use in goods and services transactions. Breaking bitcoin news , for instance, draws attention to the fact that the Internet Archive will be giving employees the option to be paid in bitcoin. This focus on brick & mortar tr...
tweeted that it would be accepting bitcoin as payment. Over the next twenty-four hours, the price of bitcoin steadily rose on Mt. Gox , the major bitcoin exchange. See chart below. This is a great illustration of the idea of a liquidity premium . All assets carry a liquidity premium. ...
What should we make of the so-called "gold for gas " trade between Turkey and Iran? Turkey depends on Iranian natural gas to produce a large part of its electricity. In normal times, the Turkish natural gas monopoly BOTAS probably would have paid for Iranian natural gas with euros or ...
