Classical Economics in a Quantum World
The good, the bad, and the ugly The slow-motion, rolling crypto collapse following the Terra/Luna implosion in May 2022 seems to be gathering pace. Contagion bankruptcies, insolvencies, liquidations, and rumors of such in Celsius, Voyager, 3AC, BlockFi, and other DeFi…
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Equity vs Crypto When you buy a stock, you become a shareholder of a company. The most common stock equity ownership is common shares. Your shares entitle you to be compensated ratably for the value of the company according to…
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It’s different this time. The history of volatile bitcoin declines is that at every bottom, bitcoin rises from all the negativity to reach new, unimagined highs. Eventually, the price of bitcoin is destined for a million dollars—or something like that—according…
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The Bank of International Settlement (BIS) released a lengthy update on CBDC progress. It is a safe, reassuring report to justify CBDC as a benign evolution of the monetary system. From the report we glean that all the wonders of…
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Every once in a while I look under the hood to see the inner workings of a crypto. There are thousands of cryptos and new ones are constantly being innovated under less than reliable protocols. They all promise a new…
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The Biden administration issued an Executive Order on Ensuring Responsible Development of Digital Assets on March 9, 2022. What are the implications? There is a story arc to the evolution of cryptocurrency and the blockchain. The cliff notes version of…
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No, Hedera and the Hbars is not a band, though it would make a great band name. Every once in a while I find it useful to read one of the thousands of White Papers and see what is happening…
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Craig Wright is probably scratching his head, wondering why bitcoin (BTC) has soared past $30,000 while his Bitcoin Satoshi Vision (BSV) languishes around its average price for the past year. BTC has left BSV behind despite BSV’s leaps in blockchain…
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George Gilder asked for my comment on the new expandable cryptocurrency AMPL. My reply. George, I haven’t heard of AMPL or YAM, but I think the author Koning has characterized them correctly. They are just another in the long…
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The next halving of bitcoin’s mining reward will occur around the week of May 18, 2020. The mining reward halves every four years. A designed algorithm creates the supply of bitcoin on a schedule coded into the Bitcoin protocol. After…
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