Archives par mot-clé : Bitcoin Standard

Should we worry about deflation in a Bitcoin standard world ?

A very interesting debate occurs last week between George Selgin and Saifedean Ammous about the concrete management of a deflation economy in case Bitcoin becomes the world’s monetary standard. Juice sumed up the points made by the two sides and adds some context about fractional reserve banking. He also states in his own view how Nash can reconciliate Selgin and Ammous’ views.

This made an excellent excuse for me to read some of Selgin’s work, which I have been contemplating for some time now. As he mentionned himself his book Less than zero: The Case for a Falling Price Level in a Growing Economy as a must-read to understand what he means in his debate with Saifedean, I read it first to have a balanced view as I’m already more familiar with Saifedean’s arguments.

I tried to figure things out and see if we should really worry about this kind of deflation, and what we can do about it. Continuer la lecture de Should we worry about deflation in a Bitcoin standard world ?

Critique du livre The Bitcoin Standard : the Decentralized Alternative to Central Banking, de Saifedean Ammous

Texte paru le 20/04 sur Contrepoints.

Si vous n’êtes pas familier avec ce qu’est Bitcoin, il vaut mieux commencer par la lecture de cet article.

Né discrètement dans les soubresauts de la crise de 2008, la cryptomonnaie Bitcoin fait l’objet d’un intérêt croissant de la part du grand public, intérêt malheureusement alimenté de façon un peu trop exclusive par l’envolée vertigineuse de son cours en 2017. Certes l’augmentation du prix du bitcoin est une excellente chose, car elle renforce le mécanisme incitatif qui récompense les mineurs qui sécurisent le réseau, mais cette obsession du cours tend également à occulter le vrai sens de la révolution Bitcoin, de plus en plus assimilé dans l’esprit des néophytes à de l’argent facile pour traders.

Continuer la lecture de Critique du livre The Bitcoin Standard : the Decentralized Alternative to Central Banking, de Saifedean Ammous