Bitcoin Bonanza
12/04/2013 | | bitcoin, econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
By combining reliability, anonymity, file-sharing technology and peer-to-peer consensus to confirm transactions, Bitcoin is an amazing technology that fulfills a market need. I fully expect other copycat institutions with deeper pockets and more credibility to eventually follow. While Bitcoin has a nefarious side, that’s no reason for it to be stopped. As for investing in it, due to its profound price volatility, invest only as much as you can lose.