Today we reach the conclusion of Hoppe’s incredible piece on the nature of fractional reserve banking and the contradictions of fiat money.  With the final section, “From Deposit & Loan Banking to Fractional Reserve: The Devolution of Credit.”  Plus a really fun discussion as a follow-up to the entire, 3 part work. “How is Fiat…

Continuing from yesterday’s episode with Part 2 of our journey through Hoppe’s amazing piece on the nature and origins of the fiat money system.  Could such a system ever work in a competitive market, or are there extremely specific conditions and legal restrictions which make the contradiction of irredeemable paper money, temporarily sustainable? Listen to…

“Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title to any such commodity: i.e., irredeemable paper money.” Another great suggestion by @stephanlivera, we begin our dive into Hans-Hermann Hoppe’s extended piece on the Devolution of money and credit, “How is…

Building on the principles discussed in our exploration of the consequences of a society without cash, we apply it to a broader principle of how the power to exit acts as a check on abuse and centralization.  And who better to cover this topic with, than Nick Szabo?  Today we read and discuss Szabo’s blog…

The conclusion of The Case for Electronic Cash by Jerry Brito.  Today we close out this amazing piece with the moral case for why we should not only refrain from demonizing and restricting digital cash, but we should foster and celebrate it! A huge thank you to Coin Center for this work, and don’t forget…

Continuing with Part 2 of “The Case for Electronic Cash” from Jerry Brito and CoinCenter.org.  The consequences of total dependence upon financial intermediaries and how it is already affecting people today.  Don’t forget to check out CoinCenter.org for tons of information on all topics around Bitcoin and cryptocurrency technologies. The original work can be downloaded…

Today we begin the long, and rewarding journey through Jerry Brito’s & Coin Center’s Report on “The Case for Electronic Cash.” This is an incredible work present several case studies to explore the trade offs of privacy and individual autonomy, the nature of an open society, the consequences of a fully intermediated society, and how…

What if there was a clear and obvious reason that the state monopolizes the production of money, that after understanding, you simply cannot unsee?  What if the story we are all told of governments and central banks protecting the economy from crises, is actually the perfect opposite of what’s really happening?  Another great piece from…

Today we cover another great piece on the topic of what can be learned from the history of P2P protocols and their successes & failures.  Written by John Backus @backus, his article “Minimum Viable Decentralization,” lays out a concept that may have been the deciding factor that separated the winners and losers in the file…