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Jonsecon

Jonsecon

Economist, musician.
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Bitcoin, Then Everything Else.

Jonsecon
January 17
This isn’t really the post you think it is. Bear with me.
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Laser Eyes 'Til $100K

Jonsecon
December 05
     In celebration of a major price milestone, here’s my Bitcoin story. I’m sure many will find it corny, but the time I’ve dedicated to this asset class makes it worth sharing to me. My fiancĂ© even forced me to acknowledge: “so you’re writing a piece exclusively about your experience with the price changes of money"?”. Yes, I am, but it’s because the asset class is more than money, or the price of that money. The discussion really centers around technology that I think is increasing economic freedom and economic empowerment across the globe. If that statement sounds hyperbolic, I would suggest reading some of my research pertaining to peer to peer crypto transaction rates in countries with high inflation or unstable governments.

Comparing Terra/Luna’s Failed Stablecoin Design to Other Stablecoins

Jonsecon
October 31
Comparing Terra/Luna’s Failed Stablecoin Design to Other Stablecoins: Condensed

Proof of Work: Cryptocurrency Adoption Under Economic Stress.

Jonsecon
October 31
One of the main propositions for cryptocurrency adoption is that it is an alternative to bad monetary policy and helps facilitate economic growth when a country’s institutions fail to do so. Bitcoin bull, Anthony Pompliano, states “We’re going to get to a situation where you need a decentralized, non-censored, non-seizable, non-inflatable, or non-debaseable asset. And when you go looking for it, you'll find Bitcoin. I believe Bitcoin’s best ally is just time. And as more people get put in situations where it could be valuable to them, they will opt in” (Gladstein). This facilitates the question: do dire economic situations actually accelerate cryptocurrency adoption? This paper aims to assess if there is any evidence that cryptocurrency is truly becoming an alternative store of value or medium of exchange in countries that have faced high inflation, poor economic conditions, or catastrophic events such as war.