Research

Bitcoin, Postmodern Money

In the articles below, Keith Weiner covers many of the reasons why bitcoin is unsound and not money and rather the very model of a (post)modern monetary marvel. In Gold, Redeemability, Bitcoin, and Backwardation, Keith explains why bitcoin is not money but an irredeemable currency, as money has to be a tangible good. Bitcoin, Gold, […]

Gold, Redeemability, Bitcoin, and Backwardation

I recently released a video about the Internet-based currency, Bitcoin. I asked the question: is Bitcoin money?  In brief, I said no it’s an irredeemable currency.  This generated some controversy in the Bitcoin community.  I took it for granted that everyone would agree that money had to be a tangible good, but it turns out […]