David Andolfatto, Vice President of the St Louis Fed, published a most interesting post yesterday Fedcoin: On the Desirability of a Government Cryptocurrency. Andolfatto’s post is itself in ref...
Last week the Bank of England published its Quarterly Bulletin, which contained two detailed papers on digital currencies. The Bank deserves credit for writing such a thoughtful review of this sp...
https://cryptonomics.org/2014/09/16/some-crypto-quibbles-with-threadneedle-street/
In a post this week Vitalik Buterin challenges some of the objections made against alt-coins. The whole post is worth reading, but I want highlight what Vitalik says about appcoins: One of the ma...
https://cryptonomics.org/2014/04/09/why-im-bullish-on-appcoins/
Naval Ravikant writes: In economics, the artificially scarce token used to allocate scarce resources is called “money.” So Bitcoin is crowdfunded OSS to run an Economic network. Now, a new ge...
https://cryptonomics.org/2014/03/10/appcoins-embedded-cryptocurrencies/
In a post a few weeks ago I wrote: A more sophisticated defence of Bitcoin’s valuation goes like this. Bitcoin is great SOV not just because of its limited supply and those hashing cost network...
The economics of transaction fees in cryptocurrencies are poorly understood. In a previous post I raised some questions about how using tx fees to compensate for hashing costs (as Bitcoin’s dec...
https://cryptonomics.org/2014/02/03/bitcoin-ethereum-and-pigou-the-economics-of-transaction-fees/
Ethereum is a new cryptocurrency project started by Vitalik Buterin and Charles Hoskinson and others. Part of that project is a new currency, called “ether”, but this is NOT another alt-coin....
https://cryptonomics.org/2014/02/01/ethereum-turing-complete-programmable-money/
An interview with Thomas Schelling and his role in the creation of one of my favorite movies, “Dr. Strangelove”. HKS reports, Kubrick travelled to Cambridge to meet with Schelling and George....
Eli Dourado has a great great blog that covers allot of issues concerning cryptocurrency, you should follow it if you don’t already. In a new post he reports that Bitcoin volatility has been tr...
https://cryptonomics.org/2014/01/22/is-bitcoin-volatility-really-in-decline/
A common rationale for owning Bitcoin is that its logarithmic money supply makes it a good store-of-value (SOV). Like precious metals or rare paintings stored in Swiss vaults, the scarcity of tho...
https://cryptonomics.org/2014/01/19/a-quick-look-at-bitcoin-transaction-volume/