Found 8 article(s) for author 'cryptocurrency'

The High Stakes of the Coming Digital Currency War

The High Stakes of the Coming Digital Currency War. Kenneth Rogoff, November 11, 2019, Opinion, “Facebook CEO Mark Zuckerberg was at least half right when he recently told the United States Congress that there is no US monopoly on regulation of next-generation payments technology. You may not like Facebook’s proposed Libra (pseudo) cryptocurrency, Zuckerberg implied, but a state-run Chinese digital currency with global ambitions is perhaps just a few months away, and you will probably like that even less.Link

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The Hidden Costs of Initial Coin Offerings

The Hidden Costs of Initial Coin Offerings. Jeffrey Bussgang, Ramana Nanda, November 7, 2018, Paper, “In recent years, much has been written about how the Blockchain is poised to transform traditional industries such as banking, real estate, and healthcare. More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture.Link

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A decade from now, bitcoin is more likely to be $100 than $100,000

A decade from now, bitcoin is more likely to be $100 than $100,000. Kenneth Rogoff, March 5, 2018, Video, “The likelihood of bitcoin prices falling to $100 is greater than that of the digital currency trading at $100,000 a decade from now, Harvard University professor and economist Kenneth Rogoff said on Tuesday. “I think bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now … I would see $100 as being a lot more likely than $100,000 ten years from now,” Rogoff told CNBC’s “Squawk Box.”“” Link

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Thailand in a Larger Universe: The Lingering Consequences of Crypto-Colonialism

Thailand in a Larger Universe: The Lingering Consequences of Crypto-Colonialism. Michael Herzfeld, November 2, 2017, Paper, “The present parochialism of Thai studies, although partial, suggests parallels with the situation of Modern Greek studies in the early 1970s. The cultural and political conditions attendant on both in the respective time periods—especially the prudery, emphasis on bourgeois notions of respectability, and restrictions on the scope and content of scholarship—suggest that a comparative framework, already emergent, would benefit both Thailand and Thai studies today. Thailand and Greece both represent conditions of “crypto-colonialism,” in which the combination of adulation and resentment of powerful Western nations produces a distinctive set of attitudes.Link

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Crypto-Fool’s Gold?

Crypto-Fool’s Gold? Kenneth Rogoff, October 9, 2017, Opinion, “The price of Bitcoin is up 600% over the past 12 months, and 1,600% in the past 24 months. But the long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates – and there is no reason to expect virtual currency to avoid a similar fate.Link

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