In my last post I started discussing the possible formulation of a theoretical model for the Bitcoin industry. In this post I will look at the next group of players in this game, the traders. This is by far the largest group, as well as being the group almost solely responsible for the capricious nature … Continue reading Cryptonomics 03: Bitcoin – It’s a man’s world
In my previous article I discussed why bitcoin may not be as unique as first suspected. This perceived distinctness may have been one of the causes of the current explosion of cryptocurrency prices (as a side note, I believe Ultracrepidarianism could also have played a significant role in fuelling the hype – read my article … Continue reading Cryptonomics 02: Bitcoin – What’s yours is Mined?
This post, the first in the Cryptonomics series, will explore the apparent uniqueness of cryptocurrencies. Read back to the introduction to the Cryptonomics series (https://cbeconomics.com/2018/01/05/introducing-cryptonomics/) for more info. There are three reasons why the cryptocurrency market has been hailed as distinct from the many other assets that came before it: lack of regulation, fixed supply … Continue reading Cryptonomics 01: Distinct or Déjà vu?
The end of 2017 saw the explosion of the cryptocurrency industry. Bitcoin, the market leader, surged in price from $900 at the beginning of the year to over $20,000 at its height. With more new cryptocurrencies being released all the time and with the price of coins such as Ripple, Litecoin and Ethereum rising rapidly … Continue reading Introducing: Cryptonomics