Archive for Bitcoin
Understanding Bitcoin
Not sure of the last time I pushed this… Anyway, if you want to learn about Bitcoin, here is the guide that Silas Barta and I wrote back in late 2014. It assumes you know nothing, and then takes you as deeply into the mechanics of it as you want to go.
Read moreA Crypto Puzzle
Developers come up with a new cryptocurrency that doesn’t involve “mining.” Instead, holders of the coins enjoy the creation of more coins, at the rate of 10% per year. (So you can use it to buy things, but if you just hold it, the number of coins you hold grows at 10% per year. The […]
Read moreFree to Exchange: Salter and Luther on Financial Regulation and Bitcoin
Ben Powell hosts a local public access TV show, but he was out of town so let the inmates run the asylum.
Read moreIs Bitcoin a Fiat Currency? FEE vs FEE
I have no problem with a lot of the specifics in this post by Demelza Hays (who’s my friend), but she is aghast that economists might classify Bitcoin as a fiat currency. Well, that’s how I classified it (in my guide to Bitcoin co-authored with Silas Barta), and I think it’s consistent with Misesian monetary […]
Read moreBoth Sides in the Bitcoin War
This is really interesting, though you won’t really appreciate it if you have no idea how Bitcoin works. (Remember Silas Barta and I wrote a guide. And HT2 Tatiana Moroz for alerting me to all of this.) Without having had time to read it, I previously linked to this article describing the imminent “fork.” However, […]
Read morePotpourri
==> This essay on “involution” (as opposed to revolution) is interesting, but the best thing is the GIF near the top. ==> On Twitter I said John Urschel provides the perfect natural experiment, to resolve an age-old question: did he have trouble getting a prom date? Nobody liked it. I can’t decide if it’s because […]
Read morePotpourri
==> I thought this Lew Rockwell podcast about “guilt, shame, and anxiety” was interesting. Now I understand my life… ==> My recent Mises CA post on bank moral hazard and liability for shareholders. ==> Here’s the agenda for the Texas Bitcoin conference, on March 28-29 in Austin. If you use discount code “robertmurphy” you get […]
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