May 24, 2019
I agree with Anonymous that there are problems with the actual use of digital cash in the near term. But it depends to some extent on what problem you are trying to solve.
One concern I have is that the move to electronic payments will decrease personal privacy by making it easier to log and record transactions....
May 23, 2019
In summary, all money mankind has ever used has been insecure in one way or another. This insecurity has been manifested in a wide variety of ways, from counterfeiting to theft, but the most pernicious of which has probably been inflation.
May 15, 2019
The Road to Serfdom (German: Der Weg zur Knechtschaft) is a book written between 1940 and 1943 by Austrian British economist and philosopher Friedrich Hayek, in which the author "[warns] of the danger of tyranny that inevitably results from government control of economic decision-making through central planning."
May 13, 2019
I will actually describe two protocols. The first one is impractical, because it makes heavy use of a synchronous and unjammable anonymous broadcast channel. However it will motivate the second, more practical protocol.
May 9, 2019
Ludwig Heinrich Edler von Mises (29 September 1881–10 October 1973) was one of the most notable economists and social philosophers of the twentieth century. In the course of a long and highly productive life, he developed an integrated, deductive science of economics based on the fundamental axiom that individual...