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Full-Text Articles in Banking and Finance Law
10 Things Judges Should Know About Cryptocurrency, Lee Reiners
10 Things Judges Should Know About Cryptocurrency, Lee Reiners
Faculty Scholarship
No abstract provided.
Cryptocurrency And The State: An Unholy Alliance, Lee Reiners
Cryptocurrency And The State: An Unholy Alliance, Lee Reiners
Faculty Scholarship
This article contextualizes the rise of cryptocurrency within the historical relationship between money and the state. It begins by asking two simple yet critical questions: What is money and where did it come from? Armed with the answers, the article proceeds by taking a fresh look at cryptocurrency through the lens of the credit theory of money. It finds that cryptocurrency, by using new technologies and incentive-based design, attempts to overcome the previous geographic limitations that hindered broad adoption of private currencies. Even with these innovations, cryptocurrency appeared unlikely to challenge the supremacy of sovereign money until Facebook announced the …