When discussing the distributed cryptocurrency Bitcoin, I frequently get the question from reporters and economists if a deflationary currency really can survive. It’s an…
Read MoreNew World
Debugging the Profit Motive: Part Three — Pressure
A banker offers you a loan so that you can buy a house located near your cushy new job. You sign, comfortable that your…
Read More
Debugging the Profit Motive: Part Two — Shiny Gold Coins
Zacqary Adam Green. A man in a big house on a hill asks you to tend his garden. In return, he’ll give you a…
Read More
Bitcoin's Four Drivers: Part 4 – Investment
The fourth and final immediate driver for Bitcoin is the investment sector. There has been no investment instrument anywhere like Bitcoin in the past…
Read More
Debugging the Profit Motive: Part One — Bad Behavior
Zacqary Adam Green. A salesman sells you a tube of toothpaste, claiming it will make your teeth whiter than they’ve ever been in just…
Read More
Bitcoin's Four Drivers: Part 3 – Merchant Trade
Are you aware of how much of your money each month goes to Visa and MasterCard? Odds are you’re not. For me, it’s about…
Read More
Bitcoin's Four Drivers: Part Two – International Trade
One non-obvious but very strong potential driver for Bitcoin is international trade. Today, that area suffers from monopolization and stagnation in the financial sector,…
Read More
Bitcoin's Four Drivers: Part One – Unlawful Trade
Bitcoin stands to streamline the world’s unlawful trade. This is one of its four key drivers, providing an almost-perfect anonymity, untraceability and laundrability —…
Read More
Bitcoin's Four Hurdles: Part Four – Exchanges
In my final post about Bitcoin’s four hurdles, I will be covering exchanges. This may be the most visible point of Bitcoin’s growth pains….
Read More
Bitcoin's Four Hurdles: Part Three – Escrow
Bitcoin is revolutionary in that its transactions are untraceable and irreversible. But in a system as large as The Economy, large changes must come…
Read More
