Op-Ed: Paul Krugman is Wrong - Bitcoin Has Been a Stable Store of Value for over Half a Decade

Op-Ed: Paul Krugman is Wrong - Bitcoin Has Been a Stable Store of Value for over Half a Decade

There 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. So when I saw that Paul Krugman had written another piece attacking Bitcoin, I was surprised by his justification. With so much else to....


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