
09 December
What Paul Krugman gets wrong about crypto
Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin's 2008 white paper.
Read moreCryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin's 2008 white paper.
Read moreThere are plenty of legitimate economic arguments against Bitcoin. A level of inequality that makes the U.S. look like a “workers’ paradise” is one. The possibility that mining will continue to become more centralized is another. And, while I don’t buy it myself, concerns over the protocol’s deflationary nature are justified if one believes that our collective understanding of economics and monetary policy will be at the same level in 2140 as it is today.
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