Bitcoin Bonanza
12/04/2013 | | Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Graphsandlaughs, MLS, Multiple listing service, Public speaking economist, bitcoin, econ70, economist on TV, economist on radio, eisenberg and economics, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, mortgage banking, politics and economics
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.