Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.
Paul Krugman News
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The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?
11553 - Opinion
Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin's 2008 white paper.
9679 - News
Paul Krugman's harsh comments touched on core development issues within the Bitcoin community.
12589 - Opinion
David Stockman has told CNBC’s Futures Now in an interview that investors in the cryptocurrency market are “stupid speculators” and will suffer a “spectacular crash.”
54161 Over the past few years, Paul Krugman, “economist” and University of New York professor, continuously criticized Bitcoin and its decentralized nature, describing it as an anti-social network.
4892Paul Krugman, one of the most well-known economists currently serving the University of New York as Professor of Economics, was harshly criticized by the bitcoin community.
2945There 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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