My Two Cents: What is Modern Monetary Theory (MMT)?

A Pocket Guide To Modern Monetary Theory and Why It Matters Part 1: The Financial System Laid Bare Part 2: What is Modern Monetary Theory (MMT)? Part 3: What MMT Means For You, Bitcoin, and the Future of Our Economy Hopefully, you read Part 1 and now have a strong grasp on the foundations of our financial system. Part 2 builds on that foundation. It’s all about Modern Monetary Theory (MMT). MMT is the modern evolution of our financial system and

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My Two Cents: The Financial System Laid Bare

A Pocket Economics Guide To Where Money Comes From There’s a reason financial cons are everywhere. Because they’re easy. I think it’s because money intimidates people. Their eyes kind of glaze over when they hear the words ‘interest rates.’ Like yours probably did when you read “Modern Monetary Theory.” And it’s made intentionally more complicated by those people whose job it is to convince others that finances are not to be self-managed — that our financial system is so complicated that only they

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Libra Is Not A Gateway Cryptocurrency

Libra is the offshore oil rig of data collection. Drill baby drill. Oh Facebook. I remember when you were just a kid, full of people’s lunch menus, workout pics, and the occasional political ramble (OK, so some things never change). Now you’re trying to create a cryptocurrency. It was easy to be excited when Libra was first announced. This must mean big things for Bitcoin and for cryptocurrencies of all sorts. That excitement quickly died. It’s honestly a shame Facebook is

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The Lightning Network: Bitcoin’s Future or a Failure In The Making?

The Comprehensive, Non-techies’ Guide To The Lightning Network Try to read blockchain news without coming across references to the Lightning Network (LN). Crypto Twitter and Reddit are on fire with discussions about the Bitcoin scaling solution, and rightfully so! The network has exploded in recent months and actual products are being purchased with the help of Lightning. Browse casually and it may seem like Lightning is the solution to all our scalability problems — Bitcoin’s long-awaited Messiah. If only things were so

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The War For The Soul Of Cryptocurrency

Under The Guise Of “Protecting The Consumer,” Crypto Regulation Might Destroy All That Is Good Imagine if we embraced the Cryptocurrency craze — even with all the scams and greed — for what it is? What if, instead of regulating it, we let it run virtually unchecked — if instead of focusing on its shortcomings, we lauded its accomplishments? Because, today, we are in desperate need of a paradigm shift. Since the crash, we are now faced with our biggest challenge yet, and the ideology is in

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Why Cyptocurrencies Won’t Be Irrelevant For Long

It’s easy to see the potential of blockchain, but don’t be too quick to discredit cryptocurrencies Ask me and the Eden Labs team questions on our Telegram Group and receive updates, analysis, and research insights. One of the most overused phrases you’ll encounter in the industry of DLT (Distributed Ledger Technology), next to “Ripple is a scam,” is “I believe in blockchain, not cryptocurrencies.” And ultimately, those voicing this opinion aren’t wrong; they’re just overly simplifying the matter at hand.

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Popping The Bubble: Cryptocurrency vs. Dot Com

Cryptocurrencies may be in a bubble, but we’re nowhere near the top CoWritten with Nir Kabessa The bubble. I haven’t heard the word used so much since my third grade birthday party. It is the kryptonite of every crypto investor, the most common first question, CNBC’s favorite buzzword. No matter the reporter, it’s always delivered with the same deer-in-the-headlights look and the disclaimer “we actually have no idea what we’re talking about.” Every time I hear someone claim that cryptocurrencies are

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Round 4: Grandma versus Bitcoin

Common arguments against Bitcoin, Blockchain, and Cryptocurrency Part 1 Part 2 Part 3 So Grandma has been reading these articles and she’s interested. Just like that 2-for-1 special on anti-aging face cream at Nordstrom’s, cryptocurrency has caught her eye. But Grandma didn’t live such a long life by throwing her money at any old peddler who came to town. She’s done research, put in her debate dentures, and she has questions. What About A 51% Attack? “Wow Grandma, great question, I

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Beyond Bitcoin: Why Ethereum Could Change The World

Smart Contracts, DApps, and ICOs will become the new internet. Ethereum brings them all together Part 1 and Part 2 You’ve read my two previous articles on Bitcoin — and if you haven’t, start with those — watched a couple of YouTube videos, and finally saw that documentary on blockchain that’s been sitting in your queue for a year. Maybe you even brought up Bitcoin at Thanksgiving during the lull between your grandma talking about how she doesn’t usually like turkey because it’s so dry

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Gold or Garbage: Is Bitcoin Worthless?

Why Bitcoin is valuable and why demand will increase for this virtual currency Part 1 to this series In last week’s episode of Blockchain for Grandma, I provided a brief overview of bitcoin’s development, explored the difference between bitcoin and blockchain, explained how blockchain works, and earned a few good laughs…okay….eye rolls. Unfortunately, the response from grandmas was mediocre at best. So this week, now that we have a bit of a foundation of understanding, I’m going to address some of

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