The Original Value of Bitcoins
The Regression Theorem From the standpoint of the Austrian School of economics the most puzzling aspect of the Bitcoin network is its relationship with the regression theorem, the Austrian economists’...
View ArticleThe Mises Circle: A Digital Sign of the Times
A New Opportunity for Praxeology The Mises Circle has successfully branded itself as the student organization known to climb ever higher towards abstraction and to root its insights ever deeper into...
View ArticleThe Problem with Altcoins
Why no altcoin can succeed The litecoiners of aeronautics New ideas attract not only visionaries and pioneers but also charlatans and fools. The former group understands the nature and potential of the...
View ArticleFirst Meeting: The Bitcoin Revolution with Special Guest Jeffrey Tucker
After a long summer, the Mises Circle is back for its fourth semester of engaging economic discussion in the tradition of the Austrian school. This semester we are continuing to fuel our obsession with...
View ArticleBitcoin and the Origin of Money with Special Guest Konrad Graf
Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. - Carl Menger Money is an indispensable...
View ArticleHow Bitcoin Works with Daniel Krawisz
Any visitor to the Mises Circle will quickly recognize that we here see Bitcoin as a revolutionary monetary and payment system. However, Bitcoin is even more than that. Bitcoin solves many interesting...
View ArticleBitPay and the Death of Credit Cards
Credit Cards weren’t designed for the Internet. - Tony Gallippi, BitPay CEO Join the Mises Circle for a discussion with BitPay developer Jason Dreyzehner on how Bitcoin and BitPay are helping...
View ArticleThe Economics of the Silk Road
The Silk Road was a Tor hidden service and digital, anonymous marketplace where users could buy all sorts of illicit goods: drugs, paraphernalia, fake IDs, etc., even weapons for a short time. All...
View ArticleThe Economics of Bitcoin Mining
After 4 and a half years, the Bitcoin network hashrate reached 1 petahashes/second. Two weeks later it was 2 petahashes. A week later, 3. From CPUs to GPUs to ASICs, Bitcoin mining has exploded,...
View ArticleDark Wallet with Cody Wilson
UPDATE: Cody’s travel plans got shifted, so he will be unable to join the meeting. We will instead discuss the price surge over the past week. Bitcoin is a paradigm-shattering protocol rendering the...
View ArticleThe Bitcoin Central Bank’s Perfect Monetary Policy
The following post provides an analytical framework so that critics and proponents of Bitcoin’s monetary policy can engage in a constructive debate. Bitcoin has a central bank called the “Bitcoin...
View ArticleMastercoin is a Nightmare of Insanity
An Altcoin in the Block Chain Much undue attention has been given lately to Mastercoin, an altcoin invented by J. R. Willett. Although Willett’s heart seems to be in the right place, Mastercoin is a...
View ArticleWhy Anarchy?
Thinking about Justice The state is defined as an organization which claims an ultimate right over all adjudication services within a given territory, and a right to defend this monopoly by force....
View ArticleLex Cryptographia with Justus Ranvier
The Mises Circle is back for its fifth semester. Join the Mises Circle for a special evening with Bitcoin expert Justus Ranvier as we discuss his vision for a stateless digital legal system known as...
View ArticleI Love Bitcoin’s Volatility
I Hate Success and Happiness The discourse surrounding Bitcoin is often characterized by boot-quaking naysayers crying about things that don’t make any sense. “Bitcoin is too volatile!” they lament....
View ArticleWhy Bitcoin Will Continue to Grow
The Value of Money is the Value of a Community Currencies are unusual in that their usefulness as currencies is a result of their demand. The more deals that can potentially be made with one, the...
View ArticleHow Tor Works
Join the Mises Circle for a discussion about the inner workings of the Internet anonymizing network Tor. We will talk about the encryption methods involved as well as how Tor succeeds and where it...
View ArticleI’m Hoarding Bitcoins, and No You Can’t Have Any
Those nasty hoarders! You know the ones. They won’t use bitcoins because they think they’ll be worth so much more later. But how can we convince businesses to accept bitcoins if no one will spend them?...
View ArticleBitcoin Has No Image Problem
Why Doesn’t Bitcoin’s Success Speak For Itself? Bitcoin has an image problem! Everyone thinks Bitcoin is for drug dealers, hackers, and anarchists. It’s used to gamble and buy porn. People think it’s a...
View ArticleThe Coming Demise of the Altcoins (And What You Can Do to Hasten It)
O my brethren, am I then cruel? But I say: What falleth, that shall one also push! Everything of to-day—it falleth, it decayeth; who would preserve it! But I—I wish also to push it! Know ye the delight...
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