Jon Matonis's Blog

e-Money Researcher

Jon Matonis is an e-Money researcher and crypto economist focused on expanding the circulation of nonpolitical digital currencies. His career has included senior influential posts at Sumitomo Bank, VISA, VeriSign, and Hushmail.

EU Court Strikes Down Swift's Blockade Against Iranian Banks

Reuters is reporting that a European Union court has ruled against the EU banking sanctions imposed on one of Iran's largest banks, which extends to the payment sanctions imposed by Swift in March of last year.

Government Ban On Bitcoin Would Fail Miserably

While this U.S.-centric plot would seem more plausible in a cryptographic flaw scenario, it does bring to light some interesting game theory strategies for both regulators and free market monetary proponents.

U.S. Secret Service Bans Certain Gold and Silver Coins on eBay

The State's nervousness with alternative money creation extends far beyond the lookalikes and the replicas. It goes to the heart of creating a new monetary system evidenced by the targeted shut down of systems that achieve significant market adoption or present an embarrassing dilemma.

Department Of Homeland Security To Scan Payment Cards At Borders And Airports

Travelers leaving or entering the United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000. Now, under a proposed amendment to the Bank Secrecy Act, FinCEN (Financial Crimes Enforcement Network) will also require travelers to declare the value of prepaid cards that they are carrying, known now as "tangible prepaid access devices."

ECB: Bitcoin Rooted In Austrian School Of Economics

The ECB (European Central Bank) has produced the first official central bank study of the decentralized cryptographic money known as bitcoin. In claiming that "The theoretical roots of Bitcoin can be found in the Austrian school of economics," the ECB forever linked Bitcoin to the proud economic heritage of Menger, Mises, and Hayek as well as to Austrian business cycle theory.

Bitcoin Prevents Monetary Tyranny

Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’être.

Air Guitars and Bitcoin Regulation

No one really sends or receives bitcoin. They merely transfer their ownership and specific control rights to the block chain on the giant public ledger in the cloud.

Why Are Libertarians Against Bitcoin?

Why are some prominent libertarians and even Austrian economists coming out against bitcoin? To be fair, it's not all but some.

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