By Robert Murphy – LibertyChat.com Contributor
As an economist, I have been fascinated by Bitcoin; you can read my introductory analysis here. Thus far my biggest focus has been on the possible incompatibility between Austrian monetary theory and Bitcoin. I lay out the issues in this talk, and I explain why I don’t think there’s a conflict in this earlier LibertyChat article.
In the present post, however, I want to talk about something more fundamental: For the Bitcoin critics who say it will eventually collapse, what is going to be the trigger? Before discussing this further, let’s review some of the earlier “calls” that Bitcoin had peaked. Below I draw on the compilation put together by the Satoshi Nakamoto Institute (named after the inventor of Bitcoin): (cont. reading at LibertyChat.com)
As an economist, I have been fascinated by Bitcoin; you can read my introductory analysis here. Thus far my biggest focus has been on the possible incompatibility between Austrian monetary theory and Bitcoin. I lay out the issues in this talk, and I explain why I don’t think there’s a conflict in this earlier LibertyChat article.
In the present post, however, I want to talk about something more fundamental: For the Bitcoin critics who say it will eventually collapse, what is going to be the trigger? Before discussing this further, let’s review some of the earlier “calls” that Bitcoin had peaked. Below I draw on the compilation put together by the Satoshi Nakamoto Institute (named after the inventor of Bitcoin): (cont. reading at LibertyChat.com)
