The Pre-Bitcoin History You Should Know: Basic Cash Versus Fiduciary Media
Bitcoin, while the most superior current basic cash, is an evolution upon those that society has already utilized — but what is basic cash?This is an opinion editorial by Matthew Mezinskis, creator of the “Crypto Voices” podcast and Porkopolis Economics.Take a moment to reflect on how long you’ve been in Bitcoin. Now take another to ask yourself how many articles on money you’ve read along the way; And not just those medium-of-exchange or store-of-value pieces. Think about the philosophizing diatribes which purport to identify the mysterious meanings of what “money” is. And then the....
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CryptoCoinsNews has been doing some great reporting in the last several months. Recently, we reached out to that site’s editor, Caleb Chen, to get his thoughts on some of the bigger-picture details of reporting on cryptocurrencies. He had some fascinating things to say. CoinTelegraph: What do you think the media’s role is within the cryptocurrency community? Caleb Chen: Whether we like it or not, both the mainstream media and the cryptocurrency-specific media often serve as an entry point for Bitcoin newbies. Since mainstream media often butchers basic facts and concepts about Bitcoin and....
A professor of finance and business economics at the University of Southern California says that asset managers focusing on growth strategy could violate their fiduciary duty if they do not consider bitcoin in their portfolios. Asset Managers With Growth Focus Need to Consider Bitcoin Financial researcher Nik Bhatia said last week that asset managers seeking growth returns on behalf of their clients need to consider bitcoin, the Insider reported. Bhatia is also an adjunct professor of finance and business economics at the University of Southern California Marshall School of Business. In....
The US state of Delaware has enacted a new law that regulates digital legacy issues and allows families to access their loved ones' digital assets after death or incapacitation. Notably for the bitcoin community, the legislation should help protect the interests of Delaware residents with cryptocurrency holdings. Late last week, the Delaware House of Representatives passed House Bill 345, the 'Fiduciary Access to Digital Assets and Digital Accounts Act', which gives heirs and executors the authority to take control of digital accounts and devices, much like physical assets. The law states:....
Bitcoin value is up over 200% from this time last year. How's the dollar doing? Today I will extend to you three key reasons why the Bitcoin value versus the "Almighty Dollar" is of little significance, and may be totally irrelevant both now, and in the future. One reason can be from distilled from lessons learned in our history of decentralized networks versus other centralized networks. One can be realized through the present day landscape, and one looks into the future of money as we know it. So let's begin with our ability to learn from history. Twenty years ago, when the Internet was....