If I had a Bitcoin for every time a journalist has called in the last couple of months wanting to ask me about Bitcoin, I’d be very rich today and rich with variance tomorrow. The reason they come a-calling is because of this paper I wrote with Hanna Halaburda that discusses digital currencies while avoiding all meaningful discussion of Bitcoin. Anyhow, as I continue to see much that is written that is actually incorrect, I thought I’d wade in here with some thoughts.
And Krugman on bitcoin:
This is a tale of three money pits. It’s also a tale of monetary regress — of the strange determination of many people to turn the clock back on centuries of progress.