Tag Archives: Ethereum

Estonia has proposed to launch its own state-backed cryptocurrency, called "estcoin". Ethereum founder Vitalik Buterin apparently gave feedback on the digital currency. It would be launched via the digital coin community's version of crowdfunding - an initial coin offering (ICO). Provocative article. Last month Estonian President Kersti Kaljulaid said that her nation was "the only truly digital society," underpinned by the state. "Almost all our citizens' interactions with the government,...

Here is a very familiar financial bubble, in pictorial form: And this is what it looks like, charted: In those days, of course, tulips at least had to be able to flower. But things have changed since then.There are three key stages in the lifecycle of a financial bubble:The "Free Lunch" period. A long, slow buildup of price distortion, during which investors convince themselves that rising prices are entirely justified by fundamentals, even though it is apparent to (rational) observers...