Money in an economy without banks

by Alex Schaefer   Most of the world’s money is currently in the form of deposits created by banks. After the 2008 credit crisis, which instilled a strong suspicion of…

The whippersnappers who work in the cryptocurrency domain are moving incredibly fast. As I’ve been saying for a while, assets like bitcoin (or stocks) are unlikely to become popular as…

Recent posts by Adrian Hope Baille and Sina Motamedi have got me thinking again about the idea of the Federal Reserve (or any other central bank for that matter) adopting…

by Paul Conrad When we talk about bitcoin, one thing we need to ask ourselves is this: can worthless things circulate and be accepted in trade? If so, how? And…

‘…the peculiar feature of a money economy is that some commodities are denied a role as potential or actual means of payment. To state the same idea as an aphorism:…

I’m starting to sell my position in bitcoin. I’ll probably keep about 10% of my overall position but the rest will be repatriated back to the conventional fiat banking system.…

Bill of exchange for £30 for tobacco sales, on April 26th 1769 Here’s some interesting news. Ripple is finally being implemented. What is Ripple? Ripple is an open source P2P…