December 20, 2018
Following the controversies and fiscal problems resulting from of the Coinage Act of 1873, compensatory measures were taken by the Treasury and the US Mint to resume more normal issuance and circulation of US Currencies. Silver coins were made legal tender at their nominal value for any amount not exceeding $5
Continue Reading
November 23, 2018
The first American Colonists faced a problem: They didn’t have enough currency. Bitcoin—and today’s other cryptocurrencies—solve old problems of currency and create new limits on how it’s used. Perhaps the problems with money debated by the founding fathers of the United States and the problems associated with cryptocurrencies are not problems at all. These are the points of contention at the heart of all fiscal systems - and those which are inherent to their respective successes.
Continue Reading
November 15, 2018
Counterfeiting is a real danger to numismatics and cryptocurrency alike. Both the rare coin and digital currency communities seek methods to combat the artificial manufacture and trade of the assets that make up their professions. It has been a governing philosophy of the Coinage to Crypto Series that numismatists, stackers and crypto experts can find common bonds. In keeping with this thinking, perhaps the blockchain will provide tracking and anti-counterfeiting measures to the numismatic community, despite many numismatists' resistance to change.
Continue Reading
November 02, 2018
"What's your cow to bitcoin conversion rate?"
Trust is the ultimate origin of value determination. The buyer must trust that by accepting a form of currency - coin, note, or ledger entry - for real goods and services, that they have attained an item of comparable value which may then be used to acquire other goods and services that they need or want.
Continue Reading