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2. Bitcoin monetization scenarios and financial crises
1 × USD $10.00
Subtotal: USD $10.00
1. Bitcoin, central banking, and fractional reserve banking
USD $10.00
This paper discusses fractional reserve banking and whether it could emerge in a bitcoin economy. Is fractional reserve banking necessary for a growing economy? Can fractional reserve banking survive in a free market? Drawing on the academic literature on the topic, this paper analyzes fractional reserve banking, whether it could emerge in a bitcoin economy, and what the implications would be. The paper also discusses why central banks are unlikely to adopt bitcoin as a reserve currency. (14,150 words)
| Name | Range | Discount |
| Bulk | 2 - 10 | 15 % |
| Bulk | 11 - 50 | 20 % |
| Bulk | 50 - 300 | 30 % |
This paper discusses fractional reserve banking and whether it could emerge in a bitcoin economy. Is fractional reserve banking necessary for a growing economy? Can fractional reserve banking survive in a free market? Drawing on the academic literature on the topic, this paper analyzes fractional reserve banking, whether it could emerge in a bitcoin economy, and what the implications would be. The paper also discusses why central banks are unlikely to adopt bitcoin as a reserve currency. (14,150 words)
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How has the move to an easy and centrally-planned money in the twentieth century affected the quality of food? This paper outlines several economic mechanisms through which a monetary standard could impact the economic decisions of food producers and consumers. The central planning of interest rates leads to a higher incentive for extensive industrial agriculture that generates short-term profits but depletes the soil in the long term. Government policies have also promoted the mass production of industrial foods which help fight price rises, but compromise food nutrient content and safety. (10,017 words)
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If Bitcoin were to indeed become a global money, how would that come to be? This paper argues that bitcoin is unlikely to cause hyperinflationary collapse in credit money, because its continuous growth would likely reduce the creation of credit. This paper considers the possibility that bitcoin's growth would be a more orderly technological upgrade that allows for the demonetization of debt and widescale reduction of indebtedness. The paper then discusses how bitcoin's monetary properties make it likely to behave in various types of financial crises. (15,065 words).
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How does bitcoin mining work, and why does it have to consume so much energy? This paper explains how bitcoin's difficulty adjustment prices out miners with high electricity costs, making mining bitcoin only reliably profitable at very low costs of electricity. Since Bitcoin can purchase electricity from anywhere in the world, this leads to bitcoin incentivizing the development of stranded & off-grid energy sources, likely leading to cheaper & more abundant energy production. (8,786 words)