Dialogue with the Fed: Blockchain, Cryptocurrencies and Central Banks

The Federal Reserve Bank of St. Louis is holding a talk on blockchains and cryptocurrencies in their Dialog with the Fed series. This is the second talk by David Andolfatto, vice president of research at the St. Louis Fed. I attended his first talk[1] back in 2014, and was pleasantly surprised by his ability to see past the headlines of the day and grasp the core concepts. As a recap, in 2014... * The price of Bitcoin opened at $770 and closed at $330 (feeling familiar?) * MtGox collapsed * Dori…