Tuesday, December 24, 2013

Here’s what Paul Krugman doesn’t get about Bitcoin [The Washington Post]

Final paragraph from a timely Bitcoin reality check
"But Bitcoin's long-term prospects have almost nothing to do with Bitcoin's unorthodox monetary policy. And the technical and regulatory issues that will determine whether Bitcoin succeeds or fails has received very little attention in mainstream coverage of the currency. In the mainstream imagination, Bitcoin is either the second coming of the gold standard or a repeat of the Dutch tulip craze. That debate obscures everything that makes Bitcoin interesting and potentially important."
Here’s what Paul Krugman doesn’t get about Bitcoin
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