Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality
Critics of the digital currency have visions of the future every bit as silly as maximalists’. Go to Source Powered by WPeMatico
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Bitcoin’s Early Days: How Crypto’s Past Is Much Different Than the Present
Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and … Read more
Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again
In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.S. sanctions, possibly triggering a new bull run as early as next month. The claim was quoted … Read more
Steve Hanke: Central Banks Fuel Wealth Loss and Inflation – The World Needs Less of Them
Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth. Also read: Ex-Liberia Central Bank Chief Under Probe For … Read more
Paul Krugman is Wrong Again
Paul Krugman, the famed economist who’s made a career out of being wrong about things, is wrong again. That in itself is no more surprising than the fact that his latest op-ed takes aim at his favorite bête noire – bitcoin. The surprising part is that Krugman has resorted to the same hackneyed arguments he … Read more
Economist Claims Bitcoin Bubble Is Still in the Early Profit-Taking Stages
It is only to be expected that economists and other financial experts remain wary of Bitcoin and other cryptocurrencies at this stage. After the onslaught which traders have witnessed throughout most of 2018, the future price direction remains unclear. Economist Joost van der Burgt is confident Bitcoin will fall even further in value pretty soon. Another … Read more
Paul Krugman Is Excited to See Bitcoin Have Issues
Yesterday on January 11 the American economist and professor of economics, Paul Krugman, seemed pretty excited about The North American Bitcoin Conference not being able to accept bitcoin for tickets. Krugman tweeted our recent article to his 4 million followers gloating that bitcoin is “too clunky and expensive.” Also read: South Korea Urges 23 Countries, … Read more
