Category: Crypto

Economics by GeoPolitic.orgOct 14, 20214:41 pm

Russia’s Putin says crypto has ‘value’ — but maybe not for trading oil

Russian President Vladimir Putin thinks cryptocurrencies have value — but he’s not convinced they can replace the U.S. dollar in settling oil trades. Some months ago, Russia’s deputy prime minister, Alexander Novak, suggested the country could move away […]

Economics by GeoPolitic.orgOct 10, 202112:57 pm

The ‘War On Cash’ Endgame Is Here

“Programmable Digital Currency”: The next stage of the new normal? The war on cash’s endgame is here: money replaced by vouchers subject to complete state control. Building on the bitcoin model, central banks are planning […]

Economics by GeoPolitic.orgOct 6, 20212:29 am

Visualizing the Rise of Cryptocurrency Transactions

After Bitcoin and cryptocurrency’s wild bull run in late 2020 and early 2021, many holders are now using cryptocurrencies for their intended purpose: payments. Every day, approximately $12 billion are transferred across the Bitcoin, Ethereum, and Litecoin […]

Economics by GeoPolitic.orgSep 27, 202111:59 pm

Here’s What ‘No-Coiners’ Don’t Get: It’s Not Up To The Government

My last couple of posts, the first on why a China-style Bitcoin ban can’t happen in Westernized liberal democracies and the second on how cryptos are a beneficial counterforce to the coming CBDCs seem to have a hit a […]

Crypto by GeoPolitic.orgSep 27, 202111:52 pm

Crypto Mining Is About To Go Nuclear

When you think about it, bitcoin and nuclear power may be a match made in heaven. Bitcoin is currently under fire for not being environmentally friendly and nuclear power appears to finally – with the […]

Economics by GeoPolitic.orgSep 27, 202111:42 pm

The Irony of China’s Most Recent Bitcoin Ban

Various aspects of cryptocurrency use have been banned in China numerous times over the better part of the last decade. The most stringent barriers yet, though, were announced on Friday, September 24th. In a series […]

Economics by GeoPolitic.orgSep 26, 202111:12 pm

Central Bank Digital Currencies: A Future of Surveillance And Control

One of the most potentially far-reaching trends in the financial landscape right now is the imminent roll-out of Central Bank Digital Currencies (CBDCs), and the parallel attacks which central bankers are waging on private digital […]

Americas by GeoPolitic.orgSep 25, 202112:13 pm

Why The West Can’t Ban Bitcoin The Way China Did

Only a complete “dictatorship of the proletariat” can kill Bitcoin Evergrande is being called China’s “Lehman moment” and overnight the PBC closed the loop on their clampdown on crypto with a total ban on virtual […]

Americas by GeoPolitic.orgSep 23, 202111:55 pm

US Congress Quietly Sneaks In Crypto-Bill Amendment Authorizing Central Bank Digital Currency

The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar? On July 28, […]

Economics by GeoPolitic.orgSep 15, 20211:15 am

Trouble Transacting with Bitcoin

One shortcoming of the bitcoin protocol is its limited transactions capacity. In the early stages of bitcoin’s development, Satoshi Nakamoto imposed a block size cap of 1 megabyte (MB). By design, only one block of […]