Can Bitcoin Replace Government-Issued Money? A Debate

"Bitcoin is poorly suited to the purpose of becoming any nation's main medium of exchange." That was the topic of a public debate hosted by the Soho Forum in New York City on August 12, 2019.

The debate featured George Selgin, director of the Center for Monetary and Financial Alternatives at the Cato Institute, and economist Saifedean Ammous, author of The Bitcoin Standard: The Decentralized Alternative to Central Banking (2018). Soho Forum Director Gene Epstein moderated.



The debate was an Oxford-style, in which the audience votes on the resolution at the beginning and end of the event, and the side that gains the most ground is victorious.

Ammous prevailed in the debate by convincing 23 percent of audience members to change their minds. Arguing for the affirmative was Selgin, whose books include Less Than Zero: The Case for a Falling Price Level in a Growing Economy (2018) and Floored! How a Misguided Fed Experiment Deepened and Prolonged the Great Recession (2018). Ammous argued for the negative. An associate professor of economics at Lebanese American University, Ammous is also teaching an online course in bitcoin and Austrian economics.

The Soho Forum, which is partnered with the Reason Foundation, is a monthly debate series at the SubCulture Theater in Manhattan's East Village.

Blockchain Essentials: An quick look at key IBM Blockchain solutions

Dave Gorman from IBM Global Blockchain Engagement, discusses what IBM Blockchain has been up to in the blockchain space by industry. Explore some of the blockchain industry applications.

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Blockchain Banking Boom & Big Tech Busts

From Boom Bust.

"As new forms of FinTech are forming and taking the world by storm, has traditional banking become obsolete? Aly Madhavji, of the Blockchain Founder’s Fund in Taipei, Taiwan breaks down all the booms of the budding blockchain industry.

Also, with all eyes on Bitcoin, some people have yet to hear of some altcoins that are shaking up the sector; Raakhee Miller, the CEO of Bitsian is on hand to delve into the details of the overshadowed coins. And he’s the entrepreneur that the world loves to hate, but who is the man behind the Musk? RT Correspondent Natasha Sweatte gives an inside look at the life and list of accomplishments for Tesla CEO Elon Musk.

Finally, tech has come a long way in the past couple of decades, but for every big invention, there are countless tech busts; Investigative Journalist Ben Swann lends us a hand to sift through some of the biggest whiffs in the digital era."