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What Is Paul Krugman’s Problem With Bitcoin?
The Nobel Prize-winning economist’s sentiments haven’t changed much since we first looked at the 2018 op-ed he filed from vacation in Europe, a result of his pondering of bitcoin and blockchain while “hiking and biking in various parts of Europe.” “even now Bitcoin and its relatives haven’t managed to achieve any meaningful economic role, what happens to their value is basically irrelevant to those of us not playing the crypto game.” The first one is transaction costs.
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