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Tag Archives: Ethereum

  • Daily Digest
    Image by pasa47, Flickr Creative Commons

    Daily Digest 1/11 – “Plague” Of Million-Dollar Homes Haunting Real Estate, The Year Of Living Dangerously

    by DailyDigest

    Thursday, January 11, 2018, 3:48 PM

    3
    • Retirement crisis: 37% of Gen X say they won't be able to afford to retire
    • Losing Faith in the State, Some Mexican Towns Quietly Break Away
    • The Fed, worrying about the next recession, considers changes
    • Party While You Can – Central Bank Ready To Pop The 'Everything' Bubble
    • 2018: The Year of Living Dangerously
    • Many happy returns: new data reveal long-term investment trends
    • A plague of million-dollar homes haunts real estate
    • What's The Difference Between Children's Books In China And The U.S.?
    • California's Brown Raises Prospect of Pension Cuts in Downturn
    • Exercise Alters Our Microbiome. Is That One Reason It’s So Good for Us?

    Read More »

  • Podcast

    Patrick Byrne: Why Cryptocurrencies Matter

    They make freedom from the central banking cartel possible
    by Adam Taggart

    Sunday, July 30, 2017, 7:28 PM

    10

    This week we talk with Patrick Byrne, CEO of Overstock.com, and rare courageous voice within corporate America raising concern that powerful interests on Wall Street are destroying US companies for profit, robbing investors and destabilizing our financial system in the process. 

    Byrne has been an early advocate for digital currencies and their potential to protect financial wealth from the massive policy missteps being undertaken by the Federal Reserve. (In 2014, Overstock.com became the first major retailer to accept Bitcoin payments.) 

    In this week's podcast, Byrne details out the promising potential of cryptocurrencies and the blockchain, as well as his thoughts as to whether they will be able or not to evade subversion by the world central authorities.

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  • Insider
    Shutterstock

    The Value Drivers Of Cryptocurrency

    These factors will determine which coin(s) will win out
    by charleshughsmith

    Saturday, June 24, 2017, 1:27 AM

    8

    Executive Summary

    • The critical value of scarcity
    • Understanding the utility of the blockchain
    • Will (can?) governments ban cryptocurrencies?
    • A coming geometric explosion in the price of cryptocurrency?

    If you have not yet read Part 1: Understanding The Cryptocurrency Boom available free to all readers, please click here to read it first.

    In Part 1, we surveyed the exciting but confusing speculative boom phase of cryptocurrencies. Here in Part 2, we will contextualize this mad swirl by running it through two filters: scarcity and utility.

    What’s Scarce? Scarcity Creates Value

    Regardless of one’s economic ideology or system, scarcity creates value and abundance destroys value.  When we say supply and demand, we’re really talking about scarcity and abundance and the rise or fall of demand for the commodity, good or service.

    In classical economic theory, scarcity is met with substitution: ground beef too expensive due to relative scarcity? Buy ground turkey instead.

    But this model has weaknesses.  There aren’t always substitutes, or the substitutes are more expensive or problematic than what is now scarce. 

    As a general rule, profits flow to any scarcity of goods and services with high utility value.  We value what’s scarce and useful, and place little value on what’s abundant and of limited utility.

    Currency has three basic functions: a store of value (it will retain its purchasing power over time), means of exchange (we can use it to trade goods and services, pay debts, etc.) and as an accounting mechanism to track assets, debts, income, expenses and exchanges/trades.

    We assume all currency has this function, but only currency that is easily divisible and easily tradable enables easy accounting.  If a notched stick is a unit of currency, and one stick buys a pig, what do I use for purchases smaller than a pig?

    In today’s world, a currency must be….

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  • Blog
    digitalcoinsexchange.com

    Understanding The Cryptocurrency Boom

    A ground-level assessment
    by charleshughsmith

    Saturday, June 24, 2017, 1:26 AM

    59

    Today, there are hundreds of cryptocurrencies, and a speculative boom has pushed bitcoin from around $600 a year ago to $2600 and Ethereum, another leading cryptocurrency, from around $10 last year to $370.

    Where are cryptocurrencies in the evolution from new technology to speculative boom to maturation? Judging by valuation leaps from $10 to $370, the technology is clearly in the speculative boom phase.

    In trying to predict which forms of cryptocurrencies will dominate the mature marketplace of the future, we know that markets will sort the wheat from the chaff by a winnowing the entries down to those that solve real business problems (i.e. address scarcities) in ways that are cheap and robust and that cannot be solved by other technologies.

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