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Ideas for an Alternative Monetary Future

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Ideas for an Alternative Monetary Future

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Blockchain

ICOs, network effects, initial coin offerings, tokens, cryptocurrencies, sec, securities and exchange commission, utility token, bitcoin, blockchain, ICO
Digital Money, Financial Innovation, Financial Markets

The Legal Status of ICOs: New Insights from Economic Theory

Diego Zuluaga/April 10, 2018June 19, 2022

Those who follow cryptocurrencies will know that an initial coin offering (ICO) refers to the issuance of digital tokens to finance a blockchain-based venture. They will also know that the legal status of tokens is an ongoing discussion among market participants and regulators. ICOs have attracted policymakers’…

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cryptocurrency, sovereign cryptocurrency, Petro, Venezuela, blockchain
Commodity Money, Digital Money, News

Venezuela's Petro: Fool's Oil

Diego Zuluaga/March 23, 2018June 19, 2022

Venezuela has the largest oil reserves in the world. Crude exports earn the country 95 per cent of its foreign exchange. That figure used to be lower, but relentless nationalization and the government’s insistence on controlling prices and exchange rates have made other exports unviable. Not that…

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Blockchain Gold, bitcoin, gold, blockchain, ethereum, gold standard
Commodity Money, Digital Money, Financial Innovation

Blockchain + Gold

Larry White/October 26, 2017June 19, 2022

The Bitcoin system has the great virtue of securely sending value directly from stranger to stranger. It is open to anyone, anywhere in the world. The sender does not need to trust the recipient, nor any bank or other institution, to accurately record the transfer. The Bitcoin…

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Bitcoin, Blockchain, cryptocurrencies, currency board, Tether
Currency Boards, Digital Money, Financial Innovation

Dollar-Denominated Cryptocurrencies: Flops and Tethered Success

Larry White/April 6, 2017June 19, 2022

A well-known obstacle to the greater popularity of Bitcoin as a medium of payment is the high volatility of its exchange value. This volatility results from its built-in quantity commitment: because the number of Bitcoins in existence stays on a programmed path, variations in the real demand…

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Blockchain, Capital Requirments, Chinese banking, FinTech, P2P, Lending
Financial Innovation, Financial Markets, Free Banking

What China Can Teach Us About the Future of Banking

Julien Noizet/May 11, 2016June 19, 2022

A few weeks ago, Citi published a quite fascinating 100-page report on financial innovations, from blockchain to P2P lending, in various regions of the world.  It’s a highly recommended and very comprehensive reading that I won’t be able to summarize in a short blog post. From this…

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Contributors

  • George Selgin
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Recent Posts

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  • Bank and Crypto Runs: F(ac)TX vs Fiction
  • The New Deal and Recovery, Part 21: Happy Days
  • Stop Lionizing Paul Volcker and Villainizing Arthur Burns
  • How Common Has Private Currency Been?

About Us

Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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