Opinion


Policy

MMT, Crypto and the New Nature of Money

It is ironic that quantitative easing is reinforcing Bitcoin when it was born in opposition to a policy of scarcity, says Arcane Research's Sofia Blikstad.

Christine Lagarde, president of the European Central Bank

Tech

DeFi Should Look Beyond Tech Hubs for Growth

For DeFi to become a consumer-led phenomenon, it needs to stop focusing on places that already have good banking solutions.

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Policy

The Node: Biden's Grid Plans Can Clean Bitcoin

Proposals for bitcoin to act as a "money battery" within the renewable system show how technology can reduce the network's footprint.

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Markets

Fascism on the Blockchain? The Work of Art in the Age of NFTs

The same fascistic tendencies Walter Benjamin saw in the rise of mass media are at play in the NFT "revolution," too, culture critic Jonathan Beller writes.

Walter Benjamin wrote “The Work of Art in the Age of Mechanical Reproduction” while the Nazi Party was consolidating power in the 1930s.

Finance

Non-Fungible Tokens and the New Patronage Economy

Non-fungible tokens don’t have to be more than niche to have a big impact on the economics of art, says RMIT's Chris Berg.

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Finance

Can Decentralized Stablecoins Stabilize?

Efforts to create decentralized stablecoins outside the dollar system are attractive for privacy reasons but may be impractical, says our columnist.

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Markets

The Node: NFTs Made It to ‘Then They Mock You’ Even Faster Than Bitcoin Did

When rarefied art critics sneer at non-fungible tokens, it’s not about art. It’s about instructing the in-group what they should and should not care about.

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Policy

Money Reimagined: Bitcoin's Green Imperative

Despite its current environmental footprint, Bitcoin can play a part in creating a cleaner, more efficient energy system.

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Finance

If Stock-to-Flow Is Right, Bitcoin Volatility Should Wane

Bitcoin's future price stability is one test of whether the popular, but controversial bitcoin pricing model is actually right.

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Markets

The Art of Scarcity

Cryptocurrencies and NFTs are often derided for not having "intrinsic value." But, honestly, what does?

Maurizio Cattelan: All