Tag: economics

Jul 12 2021

The Schumpeterian Bitcoin Cycle

There are countless elements in Bitcoin that structurally instill the process of Schumpeterian creative destruction into its ecosystem.Bitcoin embodies Schumpeterian creative destruction. Bitcoin also behaves like a physical natural resource, with unique differences that make it a driving force for effecting fundamental change, much like gold, oil or electricity has done.Bitcoin goes through periodic cycles...

May 17 2021

The Fiat Mindset: Why Most Economists Don’t Get Bitcoin

Modern economists are often vehemently opposed to bitcoin and its application as money - why is this?Josef Tětek is a SatoshiLabs and Trezor Brand Ambassador.It’s a tulip mania, a Ponzi scheme, a bubble about to burst. You’ve heard it all before. And not just from your nocoiner friends: This narrative has been pushed for years by many famous economists with a...

May 06 2021

Bitcoin: Solving The Elusive Monetary Problem

This deep dive explores what problems plague our modern monies, and how bitcoin cures these issues.“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” -Abraham LincolnTo understand the implications of a paradigm changing technology, one must intimately understand the problem that is being addressed. If we do not understand the problem...

Apr 26 2021

Gresham, Thiers And Demanding Payment In Bitcoin

Apr 26 2021 Published at Bitcoin Magazine under tags  culture economics markets

Two laws describe the economic incentives given two forms of competing money in restricted or unrestricted markets.There is a widely held belief among Bitcoiners that a hyperbitcoinized future, one in which bitcoin fulfills the three characteristic functions of money for our global society (store of value, medium of exchange and unit of account), is inevitable. All that remains to be seen is...

Apr 14 2021

Bitcoin: The Ultimate Opportunity Cost

Apr 14 2021 Published at Bitcoin Magazine under tags  culture economics inflation memes

Upon realization of Bitcoin’s true value, one must reconcile their economic opportunity cost with their new reality.Attention, fellow bitcoin wealthy plebs; I’ve been summoned to write about the corn, and there is one topic that’s constantly in the back of my mind, creeping into every decision: The Bitcoin opportunity cost....

Feb 27 2021

Economist Warns of “Bitcoin Aristocracy” Ruling the World

Feb 27 2021 Published at Crypto Briefing under tags  bitcoin economics people

Dr. Jon Danielsson, the Director of the Systemic Risk Centre at the London School of Economics, has written one of the most bearish takes on Bitcoin to date -- but his argument may have missed a few key points. BTC Is Not a Safe Haven Danielsson...

Feb 04 2021

Crypto Is the Libertarian Cheat Code in the Final Battle Over State Coercion

A normie Mario fights Bowser to save Princess Peach; a libertarian Mario builds her an escape hatch.

Dec 20 2020

Crypto Long & Short: Bitcoin Is More Than a Hedge Against Inflation – It’s a Hedge Against ‘Crazy’

For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air.

Dec 16 2020

Over $20K? Why Is Bitcoin Worth Anything at All?

Bitcoin’s price continues to climb, BTC is leaving exchanges, and bitcoin "whale" sightings are becoming more frequent. But the question remains, why?

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