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What (Most) Bitcoiners Love About Austrian Economics
8.9.2019
A physical Bitcoin coin and Carl Menger. Source: iStock/JUN2, Austriancenter.com, Cryptonews.com.
Bitcoin is an innovative amalgamation of pre-existing technologies and the creation of new ones that has lead to an entirely new form of money. However, for many, the support for the world's first...
The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt
21.8.2019
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with...
Cryptocurrencies as Payment to be Accepted by Austrian Telecom Giant
21.8.2019
The prominent telecom provider of Austria, A1 has planned to accept cryptocurrency as payment in its seven selected stores located all over Austria. The report was published by FutureZone a tech news source. The telecom giant founded in 1881 provides service to nearly 5.1 million mobiles and...
Austrian Telecommunications Giant to Accept Cryptocurrency
21.8.2019
Founded in 1881, the A1 mobile network is looking to add dash, ethereum, litecoin, stellar, and ripple as payment options
Austrian Telecom A1 Accepting Crypto in Select Shops Using Salamantex
21.8.2019
Major Austrian telecom operator A1 now accepts 6 cryptos as payment in 7 shops in Austria
This Austrian Printing House Aims For 'Major Role' in Crypto Adoption
20.8.2019
The Chainlock hardware wallet. The Austrian State Printing House (OeSD), an Austrian high-security specialist with a focus on secure identities, is another example of a company from a traditional sector that decided to add cryptocurrency-related products to their portfolio.
Besides focusing on...
Owning Fiat Just Got More Expensive – NIRP Strikes Again
8.8.2019
With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy...
Is Bitcoin Money? Revisiting Mises’ Regression Theorem
25.7.2019
Over 100 years after the publication of Austrian economist Ludwig von Mises’ “The Theory of Money and Credit,” the ideas outlined therein are still sparking hot debate. Namely, what is known as Mises’ Regression Theorem, which claims that in order for something to be money...
Hayek’s 1984: Rediscovered Footage Shows Austrian Economist Predicting Bitcoin
20.7.2019
Born in 1899 in Vienna, Nobel Prize-winning economist F.A. Hayek is a legend of sorts in voluntaryist, libertarian, and crypto-economic circles. Freshly rediscovered video footage of the Austrian School philosopher and social theorist from 1984 is now making the rounds on crypto Twitter. In...
Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics
15.7.2019
The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out many times before, it takes on special significance now in light...
Austrian Steel Alukönigstahl Develops Blockchain-Based Steel Trading Database
14.6.2019
Alukönigstahl CEO Stefan Grüll is working on the business model for a blockchain-based steel trading database dubbed “STEEL but SMART”
Austrian Postal Service Releases Crypto Collectible Stamps
11.6.2019
The Austrian Post has released a line of limited edition “crypto stamps” styled with the Ethereum unicorn
Austrian Fiber Producer Lenzing to Launch Blockchain-Enabled Tracking in 2020
20.5.2019
Major global fiber producer Lenzing Group will apply blockchain tech to its supply chain
Our Value of Money Is Subjective But That Doesn’t Make It Meaningless
14.5.2019
In my last op-ed, I discussed how the value we place on items and goods is subjective based on Carl Menger’s Subjective Theory of Value and how these concepts apply to people’s perception of value with things like fiat, gold, and bitcoin. The post outlined the idea that money cannot...