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As holidaymakers and consumers seek better value for money, many have turned to cryptocurrencies to protect themselves from further effects of inflation and get better value for their money.
I studied economics and this doesn’t make sense to me. From an academic standpoint all I see is vast potential for this technology. Here are the top 4 reasons why economists should love Bitcoin:
There are plenty of legitimate economic arguments against Bitcoin. A level of inequality that makes the U.S. look like a “workers’ paradise” is one. The possibility that mining will continue to become more centralized is another. And, while I don’t buy it myself, concerns over the protocol’s deflationary nature are justified if one believes that our collective understanding of economics and monetary policy will be at the same level in 2140 as it is today.
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One fine body…