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In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most obvious of these opportunities. In considering the goods he […]
The post Carl Menger: The Nature and Origin of Money appeared first on Bitcoin News.
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Crypto assets have come a long way since Bitcoin. What started out as a P2P payment system has spawned an array of use cases that extend far beyond the original designation of cryptocurrency. While the primary function of crypto assets such as ETH and BTC is a matter of some debate, what’s indisputable is that […]
The post Five of the Most Important Use Cases for Cryptocurrency appeared first on Bitcoin News.
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Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking system. Also Read: IRS […]
The post Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System appeared first on Bitcoin News.
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There’s a new Simple Ledger Protocol (SLP) based token called BTC2 that’s backed 1:1 with BTC. People can obtain the BTC2 token using cryptocurrency swapping application Sideshift.ai. With BTC2, you can essentially transact BTC, but with the same network fee (less than a penny) as bitcoin cash transactions. Also read: Meet the Developer Who Added […]
The post New SLP Token Allows You to Transact in BTC But With BCH Fees appeared first on Bitcoin News.
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In my last op-ed, I discussed how the value we place on items and goods is subjective based on Carl Menger’s Subjective Theory of Value and how these concepts apply to people’s perception of value with things like fiat, gold, and bitcoin. The post outlined the idea that money cannot serve as a store of […]
The post Our Value of Money Is Subjective But That Doesn’t Make It Meaningless appeared first on Bitcoin News.
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Interview with Jeffrey Tucker on All Things Crypto, Part Two Conducted by Wendy McElroy The multi-faceted Jeffrey Tucker is an American writer who focuses on market freedom, anarcho-capitalism, and cryptotech. He is the author of eight books on economics, politics, and culture, a much-sought after conference speaker, and an Internet entrepreneur. Jeffrey is editorial director […]
The post Wendy McElroy: Interview With Jeffrey Tucker on All Things Crypto, Part Two appeared first on Bitcoin News.
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“Bitcoin, or a similar form of cryptocurrency, will eventually replace governments’ fiat money as the preferred medium of exchange” was the resolution for a rollicking debate between Shapeshift CEO Erik Voorhees (affirmative) and Euro Pacific Capital Inc CEO Peter Schiff, prominent cryptocurrency skeptic (negative). In a victory for the crypto community at large, Mr. Voorhees […]
The post Shapeshift CEO Defeats Peter Schiff in Bitcoin Debate appeared first on Bitcoin News.
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Half of nearly all transactions involve money, a medium of exchange (MOE). For almost everyone, one of those halves has always been derived, considered, instituted by governments. Also known as fiat, government money, notes, they appear to us as inevitable, right as rain, plainly self evident. However, for the first time in a long time, […]
The post Bitcoin Versus Government Money: One is Clearly Superior appeared first on Bitcoin News.
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The state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin […]
The post Hawaii’s New Money Transmitters Act Will Require Virtual Currency Licenses appeared first on Bitcoin News.
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Yesterday on January 11 the American economist and professor of economics, Paul Krugman, seemed pretty excited about The North American Bitcoin Conference not being able to accept bitcoin for tickets. Krugman tweeted our recent article to his 4 million followers gloating that bitcoin is “too clunky and expensive.” Also read: South Korea Urges 23 Countries, […]
The post Paul Krugman Is Excited to See Bitcoin Have Issues appeared first on Bitcoin News.
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