The cryptocurrency craze is fascinating to an economist, or at least a student of catallactics, because it is a test of the theory of exchange ratios and prices, which is what catallactics is about. For this reason, the outcome of the cryptocurrency craze is of great theoretical interest. It is also of interest to students of the psychology of speculation. Supporters of cryptocurrencies claim they are money. If they are unable to substantiate this claim, then we must conclude that cryptocurrencies are only a medium for speculation, drawing on increasing numbers of the public to maintain their value. For this reason, their validity as money is fundamental to their future. Supporters of crypto
Neha Narula · Currency futurist Neha Narula is helping redefine the future of money by researching cryptocurrencies and providing clarity on how digital currencies will transform our world. What happens when the way we buy, sell and pay for things changes, perhaps even removing the need for banks or currency exchange bureaus? That's the radical promise of a world powered by cryptocurrencies like Bitcoin and Ethereum. We're not there yet, but in this sparky talk, digital currency researcher Neha Narula describes the collective fiction of money -- and paints a picture of a very different looking future. "Money currently moves at the speed of banks"
Why you should listen A graduate of both Georgetown and Oxford, Bettina Warburg started her career as a political scientist and public foresight researcher at a prominent Silicon Valley think tank. Today, she has taken her skills as a researcher and scientist and is applying them toward an entrepreneurial career by co-founding a venture studio business called Animal Ventures. There, she spends most of her time incubating new startup ideas, advising Fortune 500 clients, governments and universities in developing minimum viable products, and strategizing around blockchain, artificial intelligence, industrial internet of things and digital platforms. Warburg is the executive producer of a Silic
As the price of Bitcoin surges, one entrepreneurial Rolls-Royce owner is selling his flashy gold motor – and only accepting the virtual currency to buy it. The Rolls-Royce Ghost is currently advertised on Auto Trader with an asking price of £117,995. As the price of Bitcoin continues to shoot up, that equates to around 14 Bitcoin. The luxury Roller is powered by a 6.6-litre twin-turbocharged V12 engine. It features a fridge with champagne flutes as well as a personalised plate and a television. The vehicle’s owner, based in Greater Manchester, said: “Why not trade in Bitcoin? I treat it in exactly the same way as normal currency these days. It’s safe, convenient and incredibly valuable right
This year has seen cryptocurrency bitcoin shatter all growth expectations, continuing to defy dark predictions. In Zimbabwe, its growth has been particularly striking, all the more so amid recent political turbulence. Sometimes, history is best told through the things we can hold in our hands. Keeping that in mind, the Zimbabwean 100-trillion-dollar bill provides an unusually vivid insight into that country's largely woeful modern economic story. No legal banknote in history had more zeroes, yet it was practically worthless — at best, it would have bought you a loaf of bread. Ironically, the note today is a pricey, sought-after collectors' item, having bitten the dust as legal tender shortly
A Turnbull government frontbencher has said the Coalition is not afraid of getting into business with companies in the cryptocurrency world after it made a multimillion-dollar taxpayer funded investment in a company that uses bitcoin technology. In an unprecedented foray into cryptocurrencies, Angus Taylor, the Assistant Minister for Cities and Digital Transformation, awarded the government’s second largest grant in its Smart Cities and Suburbs program to the first Australian company to list itself on digital currency exchanges on Friday. The price of the company’s tokens doubled from 46 US cents to 79 US cents following the announcement, driven by trades on the increasing legitimacy of the
Evan Arham: Securing innovative "Free Energy" Hi Tech Solutions and technology acquisitions.
