Bitcoins
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Predicting that the U.S. dollar will fail is so much more convincing when you can cause its failure.
Cryptocurrencies are inherently wasteful & subject to the whims of their developers. But if a person were in charge of both a cryptocurrency AND the U.S. government, that person could make the government worse by comparison.
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On currency
Money is an illusion, but the consequences of not having it are very real.
asset pricing, banking, Bitcoin, Bitcoins, blockchain, Capital, capitalism, central bank, central banking, cum ex, currency, deflation, dentist in jail, dentistry, financial fraud, fiscal policy, fraud, history of money, incarceration, inequality, inflation, investment, investors, jail, jail dentistry, jail poetry, jail poetry class, jail poetry workshop, labor, labor versus capital, monetary policy, money, pulling teeth, QE, quantitative easing, stock market, stock market fraud, tax fraud, tax loopholes, teaching in jail, teaching poetry in jail, teeth pulled in jail, toxic assets, velocity of money, wealth
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On bitcoins and privacy.
Bitcoins: either I or other people were suffering from some fundamental misunderstandings.
antibiotic resistance, antibiotics, Bitcoins, black markets, blockchain, Canadian pharmaceuticals, civil liberties, cost of medicine, cost of prescription drugs in the U.S., drugs, economics, freedom of speech, GHB, gun control, healthcare spending in the U.S., how anonymous are bitcoins?, how could the government protect your property rights if they don’t know what you own, how much computer power would it take for someone to steal your bitcoins?, imported pharmaceuticals, John Bohannon, law enforcement, legalized drugs, legalizing drugs, monetary policy, money supply, opiate abuse, ownership, ownership by majority vote, policing, prescription drugs, privacy, property rights, Ross Ulbricht, senseless regulation, Shadow, ShadowCash, speculation, The Silk Road, transaction log, War on Drugs, wealth, what makes a law just
Frank Brown Cloud 