Bitcoin and Marx's Theory of History
This article first appeared on page 26 of Issue 21. You probably don't think about Marxism when you think about Bitcoin. To most people, Marx is known as the guy who didn't like private property and capitalism in general. Bitcoin, a cryptocurrency with the ability to encourage markets by breaking down the worldwide barriers created by multiple national....
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The Santa Fe Institute has a history of studying complex adaptive systems. Bitcoin has a deep connection to complexity theory and thermodynamic theory.
When I initially got into Bitcoin, the first thing I did was apply the new digital currency to the Austrian economics I had learned in the past. Determined to learn the value of Bitcoin and whether or not it was actual money, I spent hours arguing about the subject throughout online forums. Diving down the rabbit-hole of crypto, through droves of....
Recent events have shown the US SEC might be going after non-fungible tokens (NFTs). In a recent press release, the SEC charged Los Angeles-based media and entertainment company Impact Theory LLC for unregistered securities in the form of NFTs. SEC Goes After Impact Theory NFTs Impact Theory was one of many entertainment firms that launched […]
Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in Bitcoin circles. This theory holds that the easy money created by central and fractional reserve banks induce entrepreneurs to embark upon projects that are are not actually profitable. This action sparks a series of events, in which the economy booms, reaches a peak, and then comes crashing down. Although this theory is highly contested in academic economics....
The bearish outlook by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000. The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called "Elliott Wave Theory."The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict.Bitcoin wave fractal eyes repetitionThe theory, which divides a price cycle into two sets—one consisting of five upward-trending impulse waves and the other having three follow-up corrective waves—points to the possibility....