Korda seems to think that the question of the Bitcoin price being a bubble is important. I on the other hand consider it completely irrelevant. The relevant question is if Bitcoin decreases transaction costs, and the answer is that it does. Whether the price changes are a bubble or no...
http://jpkoning.blogspot.com/2013/02/financial-deepening-and-currency.html 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 ...
https://bitcoinfoundation.org/blog/?p=106 I remember going to some of the first RSA conferences at The Fairmont where I enjoyed celebrity entertainment while feasting on lavish gourmet food spreads that included six-foot wide bowls of jumbo shrimp and massive ice sculptures. The secur...
"In fact there is no reason to suppose that “payment services” provided by a fractional reserve bank are any cheaper or “more economic” than those provided by a full reserve bank. That is, the ACTUAL COSTS (clearing cheques, issuing bank statements, etc) are the same in both cases. Ho...
I am an e-Money researcher and crypto economist focused on expanding the circulation of nonpolitical digital currencies. My career has included senior influential posts at Sumitomo Bank, VISA, VeriSign, and Hushmail. "Free-market protagonists, such as Matonis, regard cybercash as bett...
The dollars we brought into Argentina are soon running out, and we have been looking for alternatives to increase our dollar reserves. One approach is to cross the border to Uruguay – but you have the hassle of ATM withdrawal limits and the risk of travelling with lots of cash. There ...
Actually, Satoshi wrote bitcoin for exactly the reasons—banking efficiency, and trusted third parties—that you said he did not. Go read the original bitcoin article: http://bitcoin.org/bitcoin.pdf. The first paragraph motivates bitcoin as a solution to banking efficiency, by avoiding ...
I am an e-Money researcher and crypto economist from George Washington University focused on expanding the circulation of nonpolitical digital currencies. My career has included senior influential posts at Sumitomo Bank, VISA, VeriSign, and Hushmail. "Free-market protagonists, such as...
