Thursday, December 12, 2013

The bitcoin crash of 2013: Don't you feel silly now? - latimes.com

The bitcoin crash of 2013: Don't you feel silly now? - latimes.com: "Bitcoin advocates love to talk as though their new medium will be a counterforce to governments' tendencies to devalue their own currencies for economic gain. As Boston University economist Laurence Kotlikoff recently wrote: "Anyone familiar with current U.S. monetary policy might well wonder whether our country wouldn't be better served with bitcoins replacing the dollar."

You can stop wondering. The answer is no."

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