Bitcoin, drowning in a sea of credit card rewards joni Oktober 12, 2016 Add Comment Bitcoin, credit cards, fintech Edit Satoshi Nakamoto kicked off his famous 2008 white pape r with the line: "Commerce on the Internet has come to rely almost exclusively o... Read More
In praise of anonymous money joni September 30, 2016 Add Comment anonymity, Bitcoin, cash, credit cards, sticky prices, unit of account Edit A while back I was paying for gas at a nearby gas station when the clerk fumbled my credit card. When he bent down to pick it up he momentar... Read More
A Visa/MasterCard theory of recessions joni Juli 07, 2015 Add Comment credit cards, inflation, medium of account, natural interest rate, sticky prices Edit Statistical agencies employ data collectors who walk up and down aisles with hand-held computers gathering sticker prices for things like fr... Read More
How monetary systems cope with a multitude of dollars joni Juni 25, 2015 Add Comment cash, credit cards, fintech, payments, unit of account, Van Court's Bank Note Reporter Edit Over the last few decades, dollars have become incredibly heterogeneous. People can pay for stuff with traditional paper bank notes, debit c... Read More
Why bitcoin has failed to achieve liftoff as a medium of exchange joni Juni 05, 2015 Add Comment Bitcoin, credit cards, medium of exchange, unit of account Edit 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... Read More
The zero problem joni Januari 31, 2015 Add Comment Bitcoin, credit cards, medium of exchange Edit The price of bitcoin is a capricious thing. Imagine that you've saved enough bitcoin to take your significant other out to a fancy resta... Read More
When the good drives out the bad joni Juni 16, 2014 Add Comment coins, credit cards, Gresham's Law, intra-Eurosystem credit, zero lower bound Edit There's a fairly regular monetary phenomenon that needs a name. It's similar in nature to Gresham's law, yet the inverse version... Read More