How 'Bitbanks' Could Solve Bitcoin's Volatility Problem
Cameron Harwick is a PhD student in economics at George Mason University in Fairfax, Virginia. He conducts research into monetary theory and institutions. In this article, Harwick examines bitcoins issue with volatility and how bitcoin banks could offer a solution. Everywhere in the modern world, money is plagued with political problems. Bitcoin's success, with no help - and, indeed, much opposition - from political authorities around the world, shows just how valuable it is to avoid these problems. Nevertheless, as important an innovation as cryptocurrency is, it comes with its own unique....
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