Religion & Liberty Online Archives

Cryptocurrency

November 17, 2022

The Collapse of a Cryptocurrency Guru

At the beginning of the year, I wrote a piece for Acton on Elizabeth Holmes, the con artist behind Theranos, the fake tech startup promising a revolution in blood tests and, thus, the beginning of a solution to the problem of healthcare costs. Continue Reading...
April 20, 2022

Should you bet on Bitcoin?

For those who’ve heard the word a lot but are still not sure what it means, cryptocurrency is a digital asset used to make purchases. It operates using a computer network, often a blockchain, a shared ledger that acts as a mechanism to transfer value from one person to another and that records and stores information in chains of “blocks”—chronological groups rather than tables or folders like more traditional databases. Continue Reading...
April 04, 2019

Alejandro Chafuen in Forbes: Aquinas and Bitcoin

Yesterday in Forbes, Alejandro Chafuen, Acton’s Managing Director, International, analyzed moral questions of cryptocurrency in light of St. Thomas Aquinas’s Summa theologiae. It is an application of centuries-old thought to a very recent phenomenon—but of course, as the article seeks to show, moral considerations are perennial even as their particular objects change. Continue Reading...
July 12, 2018

Can Bitcoin solve the classic problems of money?

The digital currency Bitcoin has not only attracted a lot of interest from investors, but it has raised some intriguing economic and financial questions. Economists and other theorists have long grappled with problems such as inflation, counterfeiting or money laundering. Continue Reading...
July 03, 2018

Hayek is the prophet of cryptocurrencies

Even among freedom minded individuals, classical liberalism gives way to conservative resistance on the issue of money. The view prominent on the right and the left is that money is the exclusive right of the state, rather than private initiative. Continue Reading...
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