The article summarizes the effects that the war in Ukraine, the resulting economic sanctions as well as associated financial turbulences have for cryptocurrencies and their role in the global financial system.

The objective of the course is to explore the main strengths and weaknesses of orthodox and heterodox paradigms within development economics.

Based on Modern Money Theory (MMT), Stephanie Kelton compares the cryptocurrency to the fiat money system (or simply what we have today).

The lecturer focuses on his own paper The Economic Limits of Bitcoin and Anonymous Decentralized Trust on the Blockchain analysing the innovation of cryptocurrencies particularly bitcoin and its economic credibility The innovator of cryptocurrency Satoshi Nakamoto incorporated an interesting combination of computer sciences and economics The paper argues the limitations …