{"id":26141,"date":"2018-11-10T19:27:58","date_gmt":"2018-11-11T00:27:58","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=26141"},"modified":"2018-11-10T19:27:58","modified_gmt":"2018-11-11T00:27:58","slug":"cryptocurrencies-financial-instability-and-unfairness","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2018\/11\/10\/cryptocurrencies-financial-instability-and-unfairness\/","title":{"rendered":"Cryptocurrencies: Financial (In)stability and (Un)fairness"},"content":{"rendered":"<p><em>Naked Capitalism <\/em>has the article <a href=\"https:\/\/www.nakedcapitalism.com\/2018\/11\/cryptocurrencies-financial-instability-unfairness.html?utm_source=feedburner&#038;utm_medium=email&#038;utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29\" rel=\"noopener\" target=\"_blank\">Cryptocurrencies: Financial (In)stability and (Un)fairness<\/a>.<\/p>\n<blockquote><p>\nWhile I think that cryptocurrencies do not make much sense and are destined to end up worthless, (Danielsson 2018a, 2018b), suppose I am wrong. The success of privately issued cryptocurrencies like Bitcoin would come at a considerable cost. It would increase financial instability and wealth inequality, while bringing no discernible benefits.\n<\/p><\/blockquote>\n<p>This article gives some reasons to my own feelings that cryptocurrencies don&#8217;t make much sense.  I suppose it would present a political\/social\/economic problem if government were to completely privatize the creation of base money, crypto or not.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the article Cryptocurrencies: Financial (In)stability and (Un)fairness. While I think that cryptocurrencies do not make much sense and are destined to end up worthless, (Danielsson 2018a, 2018b), suppose I am wrong. The success of privately issued cryptocurrencies like Bitcoin would come at a considerable cost. It would increase financial instability and wealth [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-26141","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=26141"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26141\/revisions"}],"predecessor-version":[{"id":26142,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26141\/revisions\/26142"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=26141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=26141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=26141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}