Despite having no real basis as a financial asset, cryptocurrency Dogecoin recently reached a market cap of more than A$12 billion.
- Professor of Economics, RMIT University
An increasing number of individuals and companies are now investing in Bitcoin, the world’s largest and first fully-functioning cryptocurrency. But why? And which way is the market headed?
There’s more substance to the surging price of Bitcoin than last time. But there’s still good reason to be cautious about investing in it.
Kodak’s new blockchain and cryptocurrency hint at a new kind of intellectual property, one that doesn’t need a government to enforce property rights.
While everyone has heard of Bitcoin, the real potential in the blockchain is only just starting to be unlocked.
The introduction of Bitcoin futures contracts will remove a lot of the financial risk associated with the cryptocurrency.
Despite its name, cryptocurrency isn’t just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance.
While the current speculation in crypto-currency and assets should make us pause, this is not a speculative driven bubble like tulips, or gold mining stocks.
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Amid the hand-wringing about the price of an Olympic medal, our experts crunched the numbers on the cost of success in the arts. And at A$8 million per international award, it turns out that elite culture is a lot better value than sport.
Arts and culture are part of the broad subset of economic activities that are afforded special treatment – usually within the ambit of a government ministry – by some claim to special circumstances or…
The relationship between the art world and the market economy has long been one of Sturm und Drang. Deep down, a battle of weltanschauung plays out between light and dark, sky and earth, imagination and…
Last Friday, the Australia Council announced what it called “a $112 million investment over four years to focus on small and medium sized arts companies”. Let’s skip past the misleading polly-speak use…
Distributed autonomous organisations, or DAO, are a new form of decentralised organisation using blockchain technology. The DAO is first off the block, and it’s already making waves.
Last night’s budget failed to offer a compelling overall policy framework and vision for the arts in Australia. Like a Beckett play, narratively not much is going on.
Free market economists love the idea, but not everyone would welcome the competition.
I was at the Blockchain Workshop in Sydney last week, whereupon among many wondrous things I did happen to see the very future of the arts economy in what Primavera De Filippi, a researcher at the Harvard…
‘If these index findings are indeed true then our economic and cultural performance, our overall prosperity, should be better than it is.’
Federal arts minister Mitch Fifield said every job in the film and television industry supported 3.57 jobs in other industries. We should be wary of such promises.
RBA has no comparative advantage or good reason to regulate the Payments System. Australia already has a specialist agency to regulate industry – the ACCC.
Turnbull’s 21st century vision for government provides an opportunity to fundamentally rethink arts and cultural policy from the ground up and move beyond its 20th century legacy.
Quadratic voting it is an efficient and equitable collective decision mechanism.
Back in 2012, Amanda Palmer was the first person to break US$1,000,000 in crowdfunding on Kickstarter. In doing so, and since, she’s answered the question: what is the internet for?
Immigration policy is too focused on quotas, when a market solution that could benefit the country is readily available.
The Victorian state government has set up a Creative Industries Taskforce that will, as the media release explains, “steer the future of Victoria’s A$22.7 billion creative industries”. At least they didn’t…
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