Research

Bitcoin, Postmodern Money

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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. Bitcoin: What is it Good For? revisits the volatility aspect of bitcoin and addresses the reasons it serves neither the savers, nor the borrowers in our economy. […]

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Gold, Redeemability, Bitcoin, and Backwardation

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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 […]

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