Egg On Face: St. Louis Fed Uses Bitcoin As Unit Of Account
The St. Louis Federal Reserve has posted a new blog where it compares the price of eggs in USD versus Bitcoin. Although the blog is designed to crack a joke about the cryptocurrency, the Fed ultimately has ended up with egg on its face. Here’s why. FRED Blog Cracks Joke On Bitcoin Using Egg Price Inflation […]
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In an earlier article, I conceded too much and suggested that Bitcoin doesn’t need to be a unit of account. What I should have said is that Bitcoin is a great unit of account—much better than the dollar. The objection that Bitcoin is not a good unit of account actually hides a circular argument that invalidates it. Bitcoin’s utility as a unit of account depends on what you already believe about Bitcoin. If you are skeptical of Bitcoin, then it makes no sense to use Bitcoin as a unit of account. If you believe that Bitcoin will become the world currency, then it makes no sense to use....
In celebration of Louis Vuitton’s bicentennial birthday in the fashion industry, the elite luxury brand launched the Louis Vuitton NFT game in 2021 called Louis: The Game. And it has jumped to more than 2 million downloads as of this writing. The game has stirred a lot of response and community engagement all over the […]
American comedian and producer Louis Székely, professionally known as Louis C.K has started to accept bitcoin payments for his comedy show performed at Madison Square Garden. The audio-only show can be purchased with bitcoin through BitPay, and customers can choose the price for this audio album. Louis CK mentioned on his website: Louis C.K is the first comedian ever to accept bitcoin for comedy albums and shows. C.K integrated BitPay on his website louisck.net, to enable his fans and customers to purchase any of his shows, albums and recordings with bitcoin. “We have the price set to 5....
What is of particular concern is how the St. Louis library may not have any data backups to resolve this matter quickly. Ransomware continues to be utilized by internet criminals all over the world. Earlier this week, the libraries of St. Louis have been crippled by a ransomware attack. Public terminals provided by the library to the poor and vulnerable of the city had to be shut down as a result. Moreover, any system related to processing book and material lending remained inaccessible for quite some time. As one would come to expect from a ransomware attack, the criminals demanded a....
Louis Navellier was on CNBC to talk about the current chart movements in Bitcoin. Talking about the price movements, Navellier said he believed that the price could very well fall below $10k. According to Louis Navellier, the pandemic is taking us back to where we were before it all started. Pointing out that the price […]