Category: Economy

  • Crypto: Ethereum critique

    Introduction Ethereum is a decentralized, open-source blockchain platform that extends the capabilities of blockchain technology beyond what was originally conceived with Bitcoin. Introduced in 2015 by a team led by Vitalik Buterin, Ethereum was designed to serve as more than just a digital currency. While Bitcoin focuses primarily on being a decentralized currency and store…

  • Econ: UBI and AI

    The rapid development of artificial intelligence (AI) and the introduction of Universal Basic Income (UBI) will fundamentally alter the landscape of economies across the globe. This transformation presents both immense opportunities and significant challenges. As AI automates labor and reshapes industries, UBI offers a potential solution to address issues like job displacement, inequality, and economic…

  • Econ: What is econometrics?

    Econometrics is a vital field within economics that applies statistical and mathematical tools to analyze economic data, aiming to test hypotheses, estimate relationships, and make forecasts. At its core, econometrics seeks to transform theoretical economic concepts into quantitative models that can be tested against real-world data. One of its primary objectives is to establish causal…

  • Bitcoin: The Fake Satoshi

    Craig Wright, an Australian, sparked widespread controversy when he publicly claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Despite his assertions, Wright failed to provide any irrefutable proof of his identity as Nakamoto, which led to skepticism within the cryptocurrency community and beyond. Wright’s repeated attempts to prove he was Bitcoin’s creator involved…

  • Debate! Bitcoin, Smith vs Nakamoto

    First Question: What is the Ideal Form of Money? Moderator: Adam, what do you believe is the ideal form of money? Adam Smith:The ideal form of money is one that maintains its value over time, ensuring that its purchasing power remains relatively stable, and is widely accepted in exchange, facilitating seamless transactions within an economy.…

  • UK economic fluctuations

    Understanding UK economic forces is not merely an academic exercise but is a crucial endeavor with real-world implications for businesses, households, and policymakers alike. In an era defined by Brexit’s lingering effects, geopolitical instability, and rapid technological advancements, dissecting the drivers of economic fluctuations—particularly inflation and output growth—is more critical than ever. This analysis is…