https://snowballassociates.com/tags/law-of-one-price/ Recent content in Law of One Price on Snowball Associates Hugo -- 0.148.0 en Fri, 26 May 2017 22:41:00 +0900 https://snowballassociates.com/works/light_format/2017/170526_thoughts_on_surge_on_bitcoin_and_ethereum/ Fri, 26 May 2017 22:41:00 +0900 https://snowballassociates.com/works/light_format/2017/170526_thoughts_on_surge_on_bitcoin_and_ethereum/ A theoretical essay on money, currency, nominal value, exchange rates, and inflation, arguing that cryptocurrencies such as Bitcoin and Ethereum lack the institutional trust and functional foundations required to replace fiat currency.