Month: April 2018

The first three parts of this series (see here first , second and third ) have focused on the monetary nature of bitcoin. With this foundation, we can now analyze some of the most common errors and misunderstandings about bitcoin. Bitcoin is a bubble Bitcoin, like any monetary good ruled […]

The evolution of money There is an obsession in the modern monetary economy with the role of money as a means of payment. During the twentieth century, states monopolized the issuance of money and continually undermined its use as a store of value, creating the false belief that money is […]

The attributes of a good deposit of value When the “value deposits” compete with each other, it is the specific properties of each that tip the balance towards one or another currency, gradually increasing the demand of the winner. Although different goods have been used as a value deposit or […]

When the price of bitcoin reached new records in 2017, we might think that the bullish thesis for investors was too obvious to merit development. However, at the same time, it might seem stupid to invest in a digital asset that is not backed by any tangible good or government […]

As the market for digital currencies matures, a series of financial magnates (some of them formerly crypto-skeptics such as George Soros and the Rockefeller family) have begun to position themselves in this burgeoning asset class. This is, of course, the same George Soros who, back in January during a speech […]