If you consider what most cryptocurrency proponents [2] are trying to do, you will see an attempt to exclude governments and rights and create a system that cannot be controlled outside the dictation of technocratic developers. Many criminal groups want such a scenario. Unfortunately for them, Bitcoin was designed to provide the opposite outcome. “Forking” a software branch is allowed under the MIT License. Both Litecoin (LTC) and Ethereum (ETH)…
The politics of rent seeking
Any government implementing a Keynesian policy simply “Keynesianizes” the economy. The effect is an economy that behaves precisely in the
Rent seeking in economics and Crypto
Keynesianism and neo-Keynesian thought seem to be popular despite the fact it has never worked and is based on fallacies
Buy now, Pay later
Murry Rothbard on harmful policy.. 1. Prevent or delay liquidation. Lend money to shaky businesses, call on banks to lend
On the Minimum Wage
A minimum-wage scheme is a tariff and price fixing method against people’s labour and ability to sell themselves freely. The
Drugs, Fraud, and Murder
Bitcoin is money that is designed for Main St. It was not designed to be the Wall-St casino some want,
Bitcoin is all about incentives
There are people who try and tell you that Bitcoin is not about incentives or economics. The structure of Bitcoin
Markets and imperfections
George Akerlof did us a great disservice with his unscientific rhetoric. A market for lemons and other market failures seem
Coin burning for dummies
There is a lot of misunderstanding on how money works. Many in the Bitcoin space think that scarcity of Bitcoin
The Secure (Bitcoin) Internet
We see many sites moving more and more to application-level encryption such that they can protect the transport of sensitive
Exporting Wealth
Let us investigate a centralised push to “export agriculture and industrial products, reverting to tangible goods production”, as is suggested