blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/category/economics
Krugman’s Latest Anti-Bitcoin Troll. Paul Krugman, who won the 2008 Nobel Memorial Prize in Economic Sciences for his work in Economic Geography, was at it again in December 2013, in yet another of his anti-Bitcoin rants in the Opinion pages of the. 8220; Bits and Barbarism. 8221; (22 December 2013). It is unclear why something with a total value of about 5% of Carlos Slim’s personal portfolio so upsets him, but Bitcoin has a hold on his imagination that borders on obsessive. From any computer or smartph...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/2013/08/25/bitcoin-reduces-crime
Often is legal at other times in the same jurisdiction. Morality should not be so mutable. Crime comprises several very different categories, including violent crime, political corruption, property crime, financial fraud, administrative crime (e.g., tax evasion), and victimless crime. When one looks at each of these sub-categories in turn, one could argue that widespread use of Bitcoin might reduce. In some instances and have no impact in others. And not Bitcoin private keys. Even if Bitcoin wallets ...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/category/economics/knowledge-economy
The Miami Century, part II. In response to my earlier “. 8221; a reader asks:. I would appreciate your view on Bitcoin / cryptocurrencies and the US regulatory framework and law makers. Most innovation in finance during this decade most likely takes place in virtual currencies and related areas. Do you see any major hurdles for Miami coming from the regulators and law makers? The short answer is that the future is unknowable, but it is not unimaginable. The USA is home to the New York Stock Exchange.
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/category/finance/international-finance
In many ways, a US resident could see the 19th Century as the New York Century with its transcontinental railroad terminals and Ellis Island, the 20th Century as the California Century with Hollywood and Silicon Valley, and the 21st Century as the South Florida Century with its transcultural population and strategic location. Miami is closer to dozens of foreign capitals than it is to Washington DC. Only five major languages. South Florida has no majority ethnicity or majority native language. The second...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/category/finance/entrepreneurship
In many ways, a US resident could see the 19th Century as the New York Century with its transcontinental railroad terminals and Ellis Island, the 20th Century as the California Century with Hollywood and Silicon Valley, and the 21st Century as the South Florida Century with its transcultural population and strategic location. Miami is closer to dozens of foreign capitals than it is to Washington DC. Only five major languages. South Florida has no majority ethnicity or majority native language. The second...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/category/politics-2/regulation
Bitcoin: The Fed’s Best Friend. Much talk about Bitcoin centers on the claim that it represents some kind of existential threat. To the US dollar (USD) specifically, fiat currency generally, and maybe even the nation-state as a social institution and organizational structure. Considering that the total value of Bitcoin in circulation today, in June 2013, is approximately USD 1.25 billion, or 2% of Carlos Slim’s personal portfolio. Bit ahead of themselves. As I have pointed out before. As things stand, a ...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/2011/10/07/supply-demand-inflation
Supply, Demand, and Inflation. Supply, Demand, and Inflation. The graph above depicts the supply of US dollars from January 1975 through September 2011. The gray bars represent periods recognized by US government statisticians as recessions. Note the swell in the 1990s, during the Clinton Administration, when the supply of US dollars fell. Ah… the good ol’ days! Now, come over to 2008 or so, and hold onto your hat. For three reasons: demand increases. Increasing efficiency (supply up; prices down. That t...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/category/economics/inflation
Krugman’s Latest Anti-Bitcoin Troll. Paul Krugman, who won the 2008 Nobel Memorial Prize in Economic Sciences for his work in Economic Geography, was at it again in December 2013, in yet another of his anti-Bitcoin rants in the Opinion pages of the. 8220; Bits and Barbarism. 8221; (22 December 2013). It is unclear why something with a total value of about 5% of Carlos Slim’s personal portfolio so upsets him, but Bitcoin has a hold on his imagination that borders on obsessive. From any computer or smartph...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/category/general/satire
A Proof-of-Snark (POS) protocol. Deters denial of service attacks and other service abuses such as spam on a network by requiring some original snark from the service requester, usually meaning a sardonic summary of the request, typically in the form of dry or biting understatement. Granted, Proof-of-Stake (PoS) fulfills the requirement of being different merely for the sake of being different from POW, as does the discovery of new prime numbers, but these are already taken, and promoters must refresh th...
blog.pecuniology.com
Pecuniology Blog
http://blog.pecuniology.com/2013/06/28/bitcoin-the-feds-best-friend
Bitcoin: The Fed’s Best Friend. Bitcoin: The Fed’s Best Friend. Much talk about Bitcoin centers on the claim that it represents some kind of existential threat. To the US dollar (USD) specifically, fiat currency generally, and maybe even the nation-state as a social institution and organizational structure. Considering that the total value of Bitcoin in circulation today, in June 2013, is approximately USD 1.25 billion, or 2% of Carlos Slim’s personal portfolio. Bit ahead of themselves. As things stand, ...
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