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Based on a novel fundamental analysis framework specific for cryptocurrencies.

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Money is in some regards not uniform in its externalities. An appreciation of the value of the USD, for example, has other externalities that an appreciation of the value of gold. We know from history that gold vaults and mines have been obvious military objectives in war, and a price increase of that money magnifies the temptation to capture...

Car Nicobar is a rather solitary, tropical island situated between India in the west and Thailand and Myanmar in the east. Paul Einzig, in his work 'Primitive Money', has summarized the documented use of coconuts as currency there. One of these sources is George Whitehead, British Government Agent on the island at the start of the 20th century....