Category Archives: Currencies

The Doomsday Economics of ‘Proof-of-Work’ in Cryptocurrencies

Why inherent problems with cryptocurrency liquidity are already leading to consideration of other methods for validating blockchain updates. They are likely to prove unsatisfactory and therefore call for verification by a trusted institution….defeating the rationale for cryptocurrencies.


Cryptocurrencies: Financial (In)stability and (Un)fairness

If private cryptocurrencies were to find widespread economic use, either coexisting with or fully displacing fiat money, the result would be increased financial instability, inequality, and social instability.