Economics

Bitcoin is Transgender Currency

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A gold bar is a partially-completed future product that objectively will enhance human life.Sound banking is neither centralized nor a collectivist consensus, but rather individualist. For roughly two decades straddling the last turn of the century, the so-called “Doomsday Argument” was hotly debated in peer-reviewed journals of philosophy—until my 2009 article in Philosophy of Science, […]

Economics

Cryptocurrencies: Follow-Up

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Regarding Question 1 from my previous post on cryptocurrencies, I want to address an argument made by some proponents of cryptos. An example of this argument was made by Robert Breedlove, a popular proponent of Bitcoin, on the Mikhaila Peterson Podcast #124 (beginning at the 59:15 mark), in response to the question, “What about the […]

Economics

Cryptocurrencies: Challenge Questions

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Until recently, I had paid little attention to cryptocurrencies, such as Bitcoin, because they seemed to be just another form of fiat currency—backed by nothing of real value. They seemed to be a reductio ad absurdum—a spoof—of government-issued fiat currency: If a government can declare money into existence from nothing, then so can an anonymous […]