Value-Stable Cryptocurrency

Abstract Current cryptocurrencies don't satisfy the functions of money, limiting their adoption on a wider scale. Specifically, current cryptocurrencies don't serve as a good medium, measure, or store of value. These limitations stem from the technical and economic realities of current cryptocurrencies. Specifically, they have slow transaction times, volume limitations, and high volatility. This post … Continue reading Value-Stable Cryptocurrency

Incentivizing the Long Term

Corporate governance has issues with the long term. Increasingly, corporate management is forgoing long term investments in R&D and employee training in favor of short term increases in profitability. This is motivated by the decrease in average holding time of stocks (8 years in 1960 to 4 months in 2016) in conjunction with cultural shifts … Continue reading Incentivizing the Long Term