Five-time winner of Best Education Podcast in the Podcast Awards. Grammar Girl provides short, friendly tips to improve your writing and feed your love of the English language. Whether English is your first language or your second language, these grammar, punctuation, style, and business tips will make you a better and more successful writer. Grammar Girl is a Quick and Dirty Tips podcast.
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Is your Bitcoin Real Money?
MP3•Episode home
Manage episode 414779663 series 1036955
Content provided by Law and Economics Podcast with Bryane Michael and Bryane Michael. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Law and Economics Podcast with Bryane Michael and Bryane Michael or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this brief chat, I review whether Bitcoins, scamcoins, digital coins and tokens can ever be real money. The answer: yes — if they have real ‘stuff’ backing them up. Most every tradable good/service (like chocolate) need prices to sit in a real economy. Py=mv is more than simple maths. It is the future of digital currencies. I give two sets of recommendations: 1- to you and I, and 2- to regulators. For us, we can protect ourselves be looking for the underlying value behind the ‘coin’. No real pig— I’m probably the Greater Fool. For regulators, a “real economy=real use” case for their regulator seems like the right way forward. Lets not get bogs down in regulatory requirements, exempt some with sandboxes.. and bureaucratize financial markets more. Use a simple approach. If the users had an honest, real use in mind — a price wipe wipeout, auto-contract glitch or 1,000 other problems were probably all innocent victims. Restitution goes like normal. Getting ‘Hushpuppied’ probably should get fraud investigators out there quickly. In a ever complex regulatory landscape, Michael’s appeal for a simpler, common sense, tied-to-our-shoes approach approach toward regulation seems desperately called for. NONE OF THE REMARKS MADE REFLECT THE OPINIONS OF ANY INSTITUTION I MAY AFFILIATE WITH, NOW, PAST OR FUTURE. I DONT THINK I GAVE AN AFFILIATION FOR THAT PURPOSE.
…
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87 episodes
MP3•Episode home
Manage episode 414779663 series 1036955
Content provided by Law and Economics Podcast with Bryane Michael and Bryane Michael. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Law and Economics Podcast with Bryane Michael and Bryane Michael or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this brief chat, I review whether Bitcoins, scamcoins, digital coins and tokens can ever be real money. The answer: yes — if they have real ‘stuff’ backing them up. Most every tradable good/service (like chocolate) need prices to sit in a real economy. Py=mv is more than simple maths. It is the future of digital currencies. I give two sets of recommendations: 1- to you and I, and 2- to regulators. For us, we can protect ourselves be looking for the underlying value behind the ‘coin’. No real pig— I’m probably the Greater Fool. For regulators, a “real economy=real use” case for their regulator seems like the right way forward. Lets not get bogs down in regulatory requirements, exempt some with sandboxes.. and bureaucratize financial markets more. Use a simple approach. If the users had an honest, real use in mind — a price wipe wipeout, auto-contract glitch or 1,000 other problems were probably all innocent victims. Restitution goes like normal. Getting ‘Hushpuppied’ probably should get fraud investigators out there quickly. In a ever complex regulatory landscape, Michael’s appeal for a simpler, common sense, tied-to-our-shoes approach approach toward regulation seems desperately called for. NONE OF THE REMARKS MADE REFLECT THE OPINIONS OF ANY INSTITUTION I MAY AFFILIATE WITH, NOW, PAST OR FUTURE. I DONT THINK I GAVE AN AFFILIATION FOR THAT PURPOSE.
…
continue reading
87 episodes
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