Euros without the Eurozone

This 2 euro coin is issued by Monaco, which is not a member of the Eurozone Grexit isn't what people take it to be. The standard narrati...

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Bitcoin vs Blockchain

In the recent months there has been a lot of buzz in the financial world about the " blockchain technology ". It seems that everyo...

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How monetary systems cope with a multitude of dollars

Over the last few decades, dollars have become incredibly heterogeneous. People can pay for stuff with traditional paper bank notes, debit c...

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Imaginary worlds with volatile money

On Twitter , Noah Smith asks: @ClicheGuevara But why don't we use stock shares as our medium of exchange? — Noah Smith (@Noahpinion) Ju...

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The dollarization of bitcoin

Bitcoin was supposed to result in the bitcoinization of the world; instead, I'd argue that the world of bitcoin is being dollarized. A s...

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Handling bitcoins during a hard fork - pondering Bitcoin XT

As everyone might've heard by now, there is a big debate in the Bitcoin community about whether or not we should increase the block size...

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Why bitcoin has failed to achieve liftoff as a medium of exchange

It's pretty simple, really. For any medium of exchange to displace another as a means for buying stuff, users need come out ahead. And t...

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