Bitcoin

The notion that transparency fosters trust fails to account for the indispensable role of privacy. Privacy is not merely a personal preference—it is the guarantor of fungibility.

The comparison between gold and bitcoin comes down to their respective qualities and how well these qualities answer to the purpose of money.
 

Bitcoin and gold are now playing the essential role that central banks should be enforcing.

Bitcoin’s power lies not in being wielded by geopolitical superpowers. Turning it into a “national strategic asset” undermines its very essence. If bitcoin is to remain a tool of freedom, it must resist becoming a tool of empire.

With Central Bank Digital Currency (CBDC) banned by executive order, the Fed may have more incentive to explore alternatives in the cryptocurrency market.

Government-sponsored currency means one does not own one‘s money. Cryptocurrency, however, is privately owned, which is a threat to government's money monopoly, potentially creating monetary property rights.

Ryan McMaken and economist Per Bylund discuss the nature of money in our paper-money world. Are Bitcoin and gold money? If not, how do they become money?  

Bitcoin is many things to people and it certainly has developed into a valuable asset. It also has been used as a medium of exchange. But is it money? According to Austrian economics, the answer is “no.” At least not yet.

Bitcoin is many things to people and it certainly has developed into a valuable asset. It also has been used as a medium of exchange. But is it money? According to Austrian economics, the answer is “no.” At least not yet.

While most of us are familiar with Gresham‘s Law, we should remember that it does not mean that bad money is preferred to good money. Instead, it refers to a situation in which government mandates that inferior and superior money legally have the same face value.