If Austrian economics is the theoretical foundation for Bitcoin, I think Ronald Coase is the inspiration for general cryptonetworks. In 1937, Coase wrote a seminal paper titled “The Nature of the Firm”. …

Written by Qiao Wang and Dan McArdle Introduction One way of thinking about cryptoasset valuation says that only assets that can become a store of value (SoV) are deserving of high network value. This is a mental model that has been around for a while, and one that we largely hold…

“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government. That is, we can’t take them violently out of the hands of government. …