Bitcoin

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.

A 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 […]

Free 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.

Is 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 […]

Alternative Currency Talk

I gave this at the LP Texas state convention about a month ago.

Both 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, […]

Potpourri

==> 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 […]

Potpourri

==> 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 […]