​Bitcoin Is A Lot More Than Digital Gold: A Rebuttal To The ECB’s Crypto-Critical Research Paper – Tyler Durden

Bitcoin Is A Lot More Than Digital Gold: A Rebuttal To The ECB’s Crypto-Critical Research Paper Authored by Omid Malekan, Bitcoin Has Plenty Of Utility My co-author Ulrich Bindseil and his ECB colleague Jürgen Schaaf have written an intriguing paper on the distributional consequences of Bitcoin should it continue to appreciate in value. I disagree with their argument and want to hash out why. In that paper, they make a creative argument that if Bitcoin was nothing more than a speculative asset with no other economic or social utility, then continued price appreciation will have negative consequences for the rest of society. I have…  — Continue at ZeroHedge News : Read More