into Bitcoin, including his pre-Bitcoin days as a poker player, and how some of his political and economic views have changed since getting into Bitcoin. 01:08:00 Show 31: Juan Llanos - Regulatory Horizon For Crypto Crypto Voices tar star star star star add Show support appreciated: Matthew Fernando interview RegTech Executive Juan Llanos. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University. Please join our distinguished speakers on Thursday, November 15, to discuss these and related issues.
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We explore some of his prior writings, and get his latest perspectives on difficult topics (in the world of Bitcoin) such as roadmaps, scaling, technical upgrades, and consensus. We discuss the development of monies over time, and the various reasons why Bitcoin diverges from this blueprint, such as its prior, non-monetary use cases and fixed supply. Then it is quite conducive with Selgins complaint that on a non FRB Bitcoin standard independent monetary policy cannot be used to save an ailing economy. Assuming stationary conditions of production, free banks face a determinate schedule of nominal money demand which strictly limits the extent of their issues. He speculates on a "regulated versus cash" economy emerging in the future digital world, much as it has been in the past analog world. However, as explained below, bank loans are only rarely made in this way. On a US reserve currency standard the US is limited to how much they could respond to their own economy with majorly disrupting the global economy. Links for more info: m/lawrencehwhite1. The important cliff high 10000e bitcoin this year point that a Bitcoin standard does NOT imply that the money supply is fixed: My reasoning is that under the Bitcoin standard, just as under the gold standard, the money supplies of different countries would not necessarily move together, although the more tightly. We conclude with another great free-market economist last-named de Soto, Spanish economist Jess Huerta de Soto, who Fernando studied Austrian Economics under, and whom Patrick would like to meet! Links for more info: site: m/.