Bitcoin 09/06/21 12:07 by eduardoprospero

Top Economist Calls Bitcoin As Legal Tender “Stupid”. Here’s why he’s wrong.

Let’s not kid ourselves, a person like Steve Hanke has enormous incentives to defend the status quo. He’s benefited tremendously from it. It could be argued that his livelihood depends on ...
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Bitcoin 07/07/20 05:00 by Nick Chong

Economist Steve Hanke: Bitcoin Is Not a Currency, It’s a “Speculative Asset”

If you have read Satoshi Nakamoto’s original white paper on Bitcoin, the likely takeaway is that BTC is a currency. Take the following excerpt from the conclusion of the white paper. “We h...
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Bitcoin 06/07/20 18:33 by Erie Maxwell

Bitcoin won’t work as a currency unless it’s tied to Gold: Economist Steve Hanke

According to Johns Hopkins economist Steve Hanke, Bitcoin cannot truly function as a real currency unless it’s backed by something with stable value. Hanke is known to be harsh towards Bitcoin but ...
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Bitcoin 24/06/20 22:13 by Erie Maxwell

‘Buying Bitcoin Is A Fool’s Game’, Says Economist Steve Hanke

There is certainly no shortage of Bitcoin critics. And of course, some of these critics are highly respected economists and other financial professionals. But Steve Hanke is a different type of crypt...
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