J.P. Koning

  • Pricing the Anonymity of Banknotes

    Banknotes are useful. Not only do they provide their owner with a standard set of payments services, they also offer financial anonymity. How might a government price the anonymity component?

    Pricing the Anonymity of Banknotes
  • Bitcoin and the Dodo-Bones Theory of Money

    The fact that Anderson’s theory of money seems to fail the Bitcoin test forces us to question our long tradition of issuing new coins that contain precious metals, or banknotes redeemable for some other, already valuable instrument.

    Bitcoin and the Dodo-Bones Theory of Money
  • A Sound Debasement

    Debasement helps the mint defend against an aggressive counterfeiter.

    A Sound Debasement
  • Anonymous Digital Cash

    Central bank digital currencies will be used by criminals. But central banks should still provide them.

    Anonymous Digital Cash