Money Creation and the Potential Impact on the Value of JAX Coins
At its core, inflation is caused by too much money in circulation compared to aggregate demand in any given economy. A rise in the amount of money in circulation is only necessary when there is an increase in productivity gains at par with the new amount injected into the economy. Similarly, the value of the […]
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Money creation may well be the biggest economic issue of our times. The way that new money is created has a massive impact on our entire economy and, in fact, it would not be an exaggeration to suggest that it is the defining characteristic of our economic system. Across the world, in all of the major economies, money creation is dominated by banks. Despite the fact that 'fiat money' - the dollars, pounds or euros in our pockets - is backed by our governments as the official currency we are supposed to use, the government has no involvement in its creation. This comes as a surprise to many....
The incentive structure created by Bitcoin introduces new potential for value creation in society.
2016 has been a bull year for privacy-focused cryptocurrencies. Just as an example, last year we saw the rapid appreciation of monero, the mega-hyped launch of zcash (which peaked at an astounding $5,300 per coin) and subsequent pumps in other similar offerings including shadowcash and navcoin. But, while it may seem like these crypotcurrencies are something new or novel, I would argue that all of these are "payment coins" competing in the battle win the war to be general money. Let me explain. While most altcoins tend to be forging into market specific "appcoin"....
The Coins Podcast docuseries will explore the history of money and the impact that crypto and blockchain tech has had on the global financial system. A glossy looking documentary series centered on the history of money and cryptocurrency premiere on August 19th at 7:00 am UTC, and features interviews from a long list of top crypto figures. The 12 episode video series is somewhat confusingly called “Coins Podcast” and the first two episodes drop on YouTube today. The show is hosted by Patrick Mclain of blockchain accelerator Mousebelt, and narrated by actor Robert Davi, who has played....
The developer of Genesis Coin, the physical cryptocoins, says that he will now be selling his products exclusively on Bitcointalk.org for the first month of the release. Currently, he has 300 coins available for purchase; if there are any left after the first month, the developer will open up to other sale avenues. In his detailed post, wheelz1200 says he will be selling a total of 300 coins in Series 1 of his line that spreads across 12 different cryptocoins: Bitcoin: 10. Litecoin: 10. Dogecoin: 10. Coin2: 30. Hyper – 30. Peercoin: 30. Namecoin: 30. ShadowCash: 30. DNotes: 30. Darkcoin:....