‘Economics Will No Longer Be the Handmaiden of Politics’: A History of the Cy...

A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises Defi Eswar Prasad, professor of economics at Cornell University, talked about bitcoin, cryptocurrencies, blockchain technology, decentralized finance (defi), and central bank digital currencies in a recent....

OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token economics. OVR’s token economics plan On November 1, a full-fledged token burn program was officially kicked off. The project team has decided to take 50% of the revenue generated from the ongoing sale of OVRLand on a monthly basis and manage it in the following....

This is a guest post by Andrew Criscione who co-organizes the Mises Group in Boston, Ma. He hosted Jeffrey Tucker for a dinner with the Mises Group members and shared the experience. The Boston Austrian Economics Group held the event "Bitcoin and Bowties" featuring Jeffrey Tucker, CEO of Liberty.me and publisher of Laissez Faire Books. Tucker is an influential Austrian economist, author, and former editor for the foremost repository of Austrian thought, Mises.org. Austrian economics is a school that holds much weight in the libertarian and crypto-anarchist circles so intertwined with....

Banks are no longer the only player in the financial industry, as decentralized finance builds authority and gains mainstream adoption. The state of banking and finance today presents a complex labyrinth that even seasoned bankers struggle to navigate. Despite appearances, there is a method to this madness. As Nobel Prize winners like Muhammad Yunus and Joseph Stiglitz have cautioned in the past: central banking, in particular, has morphed to keep the status quo in check. Or, in the words of Mike Maloney, an expert on monetary history and economics: It is “the biggest scam in the history....

Bhagwan Chowdhry, a Professor of Finance at the University of California Los Angeles (UCLA) has nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics. The Nobel Memorial Prize in Economic Sciences, commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics. It is generally regarded as the most prestigious award for that field. "The committee has invited me to nominate someone for the 2016 Prize," writes Chowdhry in The Huffington Post. "I then started thinking whose ideas are likely to have a disruptive influence in....