Classical Economics in a Quantum World
Money is stable in value on a gold standard. That’s all a gold standard does. It links a currency to gold, and that currency achieves gold’s historical stability of value. Stable value eliminates inflation and deflation. It’s why Great Britain…
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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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Calvin Ayre runs the cryptocurrency news site CoinGeek and is a long-time backer of Craig Wright and Bitcoin SV. CoinGeek presented a conference in London on February 20-21 that promoted advances from Bitcoin SV’s recently released Genesis protocol upgrade that…
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More on the problem and solution for cryptocurrency. Delineating the Crypto Space follows The Protocol Layer, Cryptocurrency Market Valuation II, and Free Banking and Cryptocurrency. The Big Picture The cryptocurrency blockchain space appears to be a chaotic morass of…
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Free Banking and Cryptocurrency is next in my series of looking at the problem and solution for cryptocurrency. Previously in the series is The Protocol Layer and Cryptocurrency and Market Valuation II. The U.S. Free Banking Era It is not…
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I continue to look into the problem and solution for cryptocurrency. Previously, I discussed The Protocol Layer. The Price and Market Cap of Currency What are the two metrics people look at If they want to judge the efficacy of…
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Let’s say that in 1971 you understood what the end of Bretton Woods and the ushering in of the global fiat system meant. You understood that the severing of BW’s gold link and the absence of any monetary standard of…
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When I first looked at Bitcoin in 2016, it was immediately obvious to me that, as designed, bitcoin wouldn’t work as a transactional currency. The bitcoin flaw. No currency has ever existed in fixed supply. An extremely primitive example is…
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The International System of Units (SI), commonly known as the metric system, has seven basic units of measure. the kilogram (kg), for mass the second (s), for time the kelvin (K), for temperature the ampere (A), for electric current the…
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In March 2019, Bitwise Asset Management made a presentation to the SEC to launch a Bitcoin ETF. On October 9, 2019, the SEC disapproved Bitwise’s proposal. This follows the rejection by the SEC of every previous bitcoin ETF proposal, including…
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