This article was originally published by Bitcoin Magazine on July 21, 2017 and by The Monetary Future.

Make no mistake. We are witnessing a high-stakes protocol standards battle play out in real time. And it is just as important as last century’s battle for the internet’s TCP standard.

Current capacity constraints on the Bitcoin blockchain have brought us to this impasse.

Let’s not deploy the nuclear option for every protocol upgrade.

The Bitcoin protocol, as the dominant value transfer “network effect” leader, battles against upstart cryptocurrency protocols like Ethereum and Monero. …

Originally published at The Monetary Future on July 29, 2009.

Today’s digital gold currency issuers are the new Lydians. During the 6th century BC, the Aegean civilization of Lydia sparked a vibrant commercial revolution through the invention of coinage. The first gold coins were struck by King Alyattes and then by his son King Croesus of Lydia sometime around 600–560 BC, and the coins served as a primary currency which significantly increased trade and commerce in the region. …

Originally published at The Monetary Future on November 25, 2011.

No one really sends or receives bitcoin. They merely transfer their ownership and specific control rights to the block chain on the giant public ledger in the cloud. It’s like an air guitar. The bitcoin itself exists because we all say that it exists.

The same can be said of bitcoin’s exchange value — it has value because we all say that it has value. That is both its weakness and its brilliance. Its intangibility prevents its confiscation. Where are your bitcoins Mr. Anarchist? Well sir, they are right over…

Originally published at The Monetary Future on September 9, 2009.

Edwin Clarence Riegel (1879–1953), generally known as E.C. Riegel, was an independent scholar, author and consumer advocate who campaigned against restrictions on free markets that harmed consumers and promoted an alternative monetary theory and an early private enterprise currency alternative.

The above photograph shows American mutualist Laurence Labadie with the libertarian monetary theorist, E.C. Riegel, outside the latter’s New York City home at 226 East 26th Street, November 14, 1948. Photo is courtesy of Labadie’s niece, Carlotta Anderson.

Riegel’s primary published works on monetary theory include Private Enterprise Money: A…

Digital Cash and Monetary Freedom”, my early work on anonymous electronic currency, was published by the London School of Economics in AMA-gi, The Journal of the London School of Economics Hayek Society, Issue 1 (1996). Originally, the paper was presented as part of the Internet Society’s INET’95 Proceedings in Honolulu, Hawai’i, June 27–30th, 1995. It was also subsequently released by the Libertarian Alliance in their Economic Notes series and by the Electronic Frontier Foundation.

American entrepreneur and author Seth Godin covered my research in his 1995 book, Presenting Digital Cash. My thesis was further legitimatized by the mainstream when Professor Roger A. Arnold, currently at California State University San Marcos, referenced the work in his Economics, Edition 4 (1998) textbook for students.

An additional link to the PDF version can be found here and on SlideShare.

Originally published at The Monetary Future on June 26, 2011.

Why are some prominent libertarians and even Austrian economists coming out against bitcoin? To be fair, it’s not all but some. The concept of bitcoin can be difficult to grasp at first and even more difficult to explain. Economists from the 19th and mid-20th centuries can be forgiven for not anticipating an interconnected digital realm like the Internet with its p2p distributed architecture, but modern economists cannot be. In “Libertarian Goldbugs Hating on Bitcoin”, Michael Suede observed:

“I feel I have a pretty damn good grasp of Austrian economic theory…

My 1985 thesis from George Washington University Economics Department examines the factors contributing to and culminating in the political appropriation of the monetary unit by outlining the stages of the politicizing or nationalizing process.

Bitcoin and other digital currencies have thrived, despite regulatory roadblocks and hindrances. It’s time for regulators and governments to adapt to cryptocurrencies.

The Bitcoin asset has grown from a few cents to thousands of dollars in less than 10 years. It has out-performed all other investment assets. It’s tipped as the future of money and one of the decentralised technologies that could transform industries ranging from transport and healthcare, to retail and politics.

In April of this year, I stated that the entrance of major banks and financial institutions like Goldman Sachs will lead to an increase in the liquidity of bitcoin, and ultimately, the bitcoin price:

“I think it’s fabulous that they’re getting into it because it brings in new liquidity…

WePower Dashboard

Interest in green energy is on the rise, though for now most green energy projects around the world work on limited local scale and therefore struggle to make a meaningful impact on the world’s energy market and environment.

This is what an experienced team of energy market experts, energy grid specialists, blockchain advisors, and international investment professionals set out to change with a new kind of P2P open green energy trading platform called WePower.

WePower aims to bring pure business sense into doing good and going green. Its ambition is to connect small private green energy producers as well…

I first met my co-founders Liza Aizupiete and Andris Kaneps at an inspired café in central Copenhagen during early 2015. Their mantra has always been that Globitex is a trading platform built by traders for traders. Unsurprisingly, that guiding philosophy has permeated every design choice since inception.

As my background is in foreign currency and derivatives trading, I have always aimed to launch a cryptocurrency exchange. In fact, I worked on putting together a Gibraltar-based investment group to purchase the original Mt. …

Jon Matonis

Chief Economist at Cypherpunk Holdings, a privacy-centric investment company | Former CEO of Hushmail | Startup Team at VeriSign | Head of FX Trading at VISA

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store