The legacy of cryptocurrencies
Crypto-promoters and financial authorities are split on the future of cryptocurrencies. Should crypto join the mainstream or remain in the wilderness?…
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14 posts in this category
The case against aggressive government action on crypto
The financial regulators have recently taken an active interest in cryptocurrencies, more than a decade after their law enforcement counterparts did. …
Read moreThe beginning of the end for cryptocurrencies
Cryptocurrencies have enjoyed a remarkable run from obscurity to a trillion dollar valuation in just over a decade. This column argues, however, that …
Read moreCrypto and financial stability
A lot of turmoil in crypto. Does that mean crypto markets should be regulated? The turmoil is driven by violent price volatility, exposing weaknesses …
Read moreBitcoin isn't much of a macro hedge
Bitcoin is often sold as protection against adverse macroeconomic outcomes. This column argues that this depiction as a macro hedge does not stand up …
Read moreCryptocurrencies and the war in Ukraine
The cryptocurrency exchanges have only done what is legally required of them when sanctioning Russia for its invasion of Ukraine, unlike the mainstrea…
Read moreI understand HOW. I do not understand WHY. Of engineers and cryptocurrencies
Do all the talented engineers working on cryptocurrencies ensure crypto success?
Read moreWhat happens if bitcoin succeeds?
As the price of bitcoin continues to rise, this column argues that most of us would not want to live in a society where bitcoin succeeds. Fortunately,…
Read moreCentral bank digital currencies
Central-bank digital currencies will make the financial system more efficient. But will they make it safer? Maybe, but they could easily end up increa…
Read moreThe crypto-technical response to the Covid-19 bailouts
Are cryptocurrencies and blockchains the solution to the problem laid bare by the Covid-19 bailout of the financial system? No.
Read moreCryptocurrencies: Financial stability and fairness
If private cryptocurrencies were to find widespread economic use the result would be increased financial instability, inequality, and social instabili…
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Are cryptocurrencies the future of money, Ponzi schemes, speculators dream, freedom or just a cult?
Read moreCryptocurrencies
Do cryptocurrencies live up to the hype? Are they the future? Ponzi schemes or just a cult?
Read moreCryptocurrencies don't make sense
Cryptocurrencies are supposedly a new and superior form of money and investments – the way of the future. The author of this column, however, does not…
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