How Bitcoin Can Solve A Global Economic Conundrum
If bitcoin can fulfill economic demand for savings, it will free people from the problems with government-issued safe haven assets.For decades, the velocity of money, which is a measure of the times that a unit of currency is spent, has fallen due to what some economists have termed the “safe asset shortage.” This has occurred for a variety of reasons, including aging demographics in advanced economies and lack of trust in governmental institutions in emerging economies. The safe asset shortage could be described, in simple terms, by saying that the demand for safe assets (cash and....
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Several models for the development of nations for the next three to five years were presented by the World Economic Forum, where cooperation was emphasized as the foundation for successful and speedy economic and social recovery. Speaking at the WEF, Børge Brende, a Norwegian politician and member of the Conservative Party, said that “the direction in which we need to head is towards greater dialogue, coordination and collective action”. Even today in the world of global business, we’re seeing hundreds of examples of cooperation gone right, such as the UN Global Compact,....
Travis Patron is the founder of Diginomics, a bitcoin news organization where professionals can enroll in the Bitcoin Economics Course. Here he explains why the stateless nature of bitcoin holds the potential to solve an age-old international monetary flaw. Although the United States Federal Reserve Note carries with it many advantages for conducting commerce and serving as a world reserve currency, its makeup is not void of imperfections. One of the main shortcomings of the US dollar is the Triffin dilemma, a problem which arises when countries must manage both short term domestic and....
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.”
IMF Says Global Economic Outlook ‘Has Darkened Significantly’
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), discussed the global economic outlook and the prospect of a global recession in an interview with Reuters Wednesday.
Commenting on the global economy, the IMF....
In this, the first of a three-part series, Danny Bradbury explores the impact the bitcoin network is having on the environment. Just how much carbon dioxide do we produce when we mine a bitcoin? It's becoming an increasingly important question. After all, it's great to disrupt an inefficient and sometimes corrupt incumbent economic system, but most of us would rather not do it at the expense of the planet. The bitcoin network is stuck in a circle that drives up its power usage. People tend to put more computing power on the network so that they can make more more bitcoins. The software....
The adoption of bitcoin by El Salvador poses an interesting contradiction of freedoms, albeit solved on a secondary level.