Notes – Impending arrival: A Sequel to the Survey on Central Bank Digital Currencies p. 1 – Our survey shows that central banks are undertaking extensive work on central bank digital currencies. Globally, emerging market economies are moving from conceptual research to intensive practical development, driven by stronger motivations than those of advanced economy central banks. Central banks representing a fifth of the […]

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Notes – The Bitcoin Standard: The Decentralized Alternative to Central Banking

By Saifedean Ammous Yellow highlight | Location: 416 Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties. In other words, Bitcoin automates the functions of a modern central bank and makes them […]

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