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The author Frances Coppola
Frances Coppola
I’m Frances Coppola, writer, singer and twitterer extraordinaire. I am politically non-aligned and economically neutral (I do not regard myself as “belonging” to any particular school of economics). I do not give investment advice and I have no investments.Coppola Comment is my main blog. I am also the author of the Singing is Easy blog, where I write about singing, teaching and muscial expression, and Still Life With Paradox, which contains personal reflections on life, faith and morality.

Francis Coppola

Crypto’s Weimar

A cryptocurrency has just re-enacted the Weimar hyperinflation.Yesterday, the price of the cryptocurrency TITAN crashed to zero, and its related stablecoin IRON fell off its USD peg, trading as low as 69 cents to the dollar. It was a sudden and dramatic collapse that left investors shocked and bewildered. Equally shocked and confused, the coins' issuer launched an immediate investigation: Iron Finance issued its post mortem a few hours later. This is the key paragraph:Later, at around 3pm...

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Bank capital and cryptocurrencies

The BIS's draft proposals for capital regulation of stablecoins and cryptocurrencies have just been released. The headline proposal was a risk weighting of 1250% for what the BIS called "Group 2 cryptoassets", which includes all cryptocurrencies, all algorithmic stablecoins, and reserved stablecoins  that don't meet the capital, liquidity and disclosure requirements for "Group 1 cryptoassets" specified in the same document. Bitcoin and Ethereum, the two major cryptocurrencies, would fall...

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USDT Everything You Need to Know about Tether with Frances Coppola

USDT Tether have to report assets to the New York Attorney General today. We chat to former banker, economist, author and all around lovely lady, Frances Coppola( @frances_coppola ) about the issues surrounding Tethers asset portfolio and what the wider implications of the Crypto markets reliance on USDT and how a run on Tether would play out. Teter Teher USTD UTSD $USDT 0:00 Intro 0:33 Brief History 1:09 How USTD was meant to be 3:41 Issue with reserves 13:24 The role of exchanges 16:31...

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Tether’s smoke and mirrors

Tether has issued what it calls a “breakdown of its reserves”. It actually consists of two pie charts. Here they are:Seriously, this is all Tether has seen fit to reveal.  Furthermore, the pie charts only purport to show the breakdown of Tether’s reserves on the 31st March 2021. We do not know whether Tether’s reserves still have the same composition now. Nonetheless, the crypto world took these charts as an indication that Tether was, if not fully cash-backed, at least mostly. “76% of its...

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Calculus for Economists

Gabriel Sterne complains about economists' loose use of mathematical terminology: Of course, it's not just economists who use "increase" and "accelerate" interchangeably. But economics is a mathematical discipline, and in mathematics, "increase" and "accelerate" mean different things. So is Gabriel's observation true, and if it is, is it a problem?To test Gabriel's hypothesis, I ran a little Twitter test. I asked this question: This was of course far from rigorous: the sample was...

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David and Goliath

Yesterday, someone who had been watching one of my (all too frequent) Twitter arguments about money made this comment: The "unknown person with few followers" was my protagonist. And the blue tick "classical expert" was me. I am Goliath. But ten years ago, I was David. Armed only with Blogger and Twitter, and my knowledge of banking and finance, I set out to slay the financial Philistines that rampaged across the internet in the aftermath of the 2008 financial crisis. I published my first...

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Jimmy Song VS Frances Coppola Debate – BlockDown 4.0

One of the highlight sessions from the BlockDown 4.0 event saw the epic Future of Money Debate with Jimmy Song vs Frances Coppola! Grab your favourite snack and enjoy! ► Don't forget to hit the bell "🔔" to be notified of our future videos! ► Discover more about the BlockDown Events: https://blockdownconf.com​ ► Join our Telegram community and be first to access all the latest news: https://t.me/blockdown​ ► Follow us on Twitter: https://twitter.com/BlockDownConf...

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Frances Coppola Goes on Unprovoked Tirade Against Celsius Network! #CelsiusNetwork #CeFi

Frances Coppola is a CoinDesk columnist and a freelance writer and speaker on banking, finance and economics who recently went on a Twitter "Tirade" against the CeFi crypto service, Celsius Network. Coppola strongly argued that Celsius Network was utilizing fraudulent banking and financial practices in their actions as a CeFi company. Coppola was never aggrieved by Celsius Network or their community, known as the Celsians, before this discussion on Twitter today. In this video, the...

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From Carbon To Metals: the Renewable Energy Transition

The world is transitioning from a carbon-intensive to a metals-intensive economy. Low-carbon technologies use much larger amounts of metal than traditional fossil fuel-based systems. Demand for metals is thus rising exponentially, fuelling a boom in mining and production.But this creates an environmental challenge. Metals extraction and processing is a significant contributor to global warming and a major pollutant. Unless more environmentally-friendly ways of generating energy from...

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