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Nobel Prize-winning economist Paul Krugman says he has given up predicting the imminent demise of bitcoin. The economist now suggests thinking of the cryptocurrency “as a cult that can survive indefinitely.” Nonetheless, Krugman still believes that bitcoin has no fundamentals. Paul Krugman Likens Bitcoin to a Cult That Can Survive Indefinitely Nobel laureate Paul Krugman … Read more
Paul Krugman’s harsh comments touched on core development issues within the Bitcoin community. Go to Source Powered by WPeMatico
The Human Rights Foundation (HRF)’s Alex Gladstein has heaped praise on bitcoin saying it’s an escape hatch from tyranny and that there is more to it than its price. In comments made via a short video, Gladstein, who is the chief strategy officer (CSO) at HRF, asserts that “people who buy bitcoin are strengthening a … Read more
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
There’s something about Bitcoin that stirs up strong emotions in people. Libertarians love it. Anarchists adore it. Cypherpunks crave it. But not all of the emotions Bitcoin engenders are positive. Bankers fear it, politicians distrust it, environmentalists resent it, and a few people, why, they veritably hate it. Also read: 30 People Who Were Really … Read more
Recently at the ChainXchange blockchain conference, Paul Krugman took center stage at a panel of Bitcoin skeptics and supporters including Ripple Chief Market Strategist Cory Johnson and market research guru Thomas Lee. Prior to the discussion, Krugman delivered a presentation that focused primarily on the history and development of money, and ultimately how they relate to … Read more
The second day of Las Vegas Blockchain Week and the ChainXchange blockchain convention has concluded. Today’s activities included discussions and lectures carried out by prominent cryptocurrency supporters and skeptics, including representatives from Ripple and NEM, as well as Nobel Prize winning economist and perpetual crypto bear Paul Krugman. In the afternoon, research analyst heavyweight Thomas … Read more
In this week’s daily editions of Bitcoin in Brief we reported about China hiring a cryptographer, McDonald’s unveiling Maccoin, Bitmain getting richer and much more. The most commented-on article during the week covered Paul Krugman’s new attack on the idea of cryptocurrency on the pages of The New York Times. Also Read: $37 Million of … Read more
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
In this week’s daily editions of Bitcoin in Brief we reported about Coinbase opening the floodgates for institutional money, the new crypto law in Malta, and a move by Bittrex to invade the European market. We also covered, in this week’s most commented-on article, Nobel laureate economist Paul Krugman’s trolling of XRP and BTC supporters. Also … Read more
