Archive for Bitcoin

Yet More on Tyler Cowen on Bitcoin

Say what you will about him, Tyler is a sport and retweeted this guy, who has a “Tyler vs. Tyler” post up. The money excerpt: …Tyler is able to derive the following theorem: “the value of WitCoin should, in equilibrium, be equal to the marketing costs of its potential competitors.” To put this in simpler […]

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Potpourri

==> I am going to be at the First Annual “Save Long Island” Forum in mid-January. If you buy your tickets in 2013, they are 50% off. I will be debating “Money Masters”‘ Bill Still Friday night, and there are lots of interesting speakers/performers. ==> Tucker talks teetotalling in a tux. ==> The NSA really […]

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A Bit of Silliness

Something is really screwy with all of this cryptocurrency discussion. I feel as if a bunch of academics are “proving” that spaceflight is impossible. To take but one example, Tyler Cowen has a long post saying that Bitcoin will collapse in price, where his argument seems to rely on one (or both) of the following […]

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If Bitcoin Is a Bubble, Is All Money Always In a Bubble?

I by no means am an expert on Bitcoin. The more I hear the experts talk about it, the more I realize I don’t know. (And as an aside, when I hear a proponent of Bitcoin say on NPR, “This isn’t even version 1.0 yet,” it doesn’t make me want to rush out and embrace […]

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Krugman: “Fiat Money…Is Backed By Men With Guns”

Wow, you really have to hand it to Paul Krugman. In the quick snippet below, he talks to Joe Weisenthal about Bitcoin. Krugman reiterates his surprise that it has lasted this long, but admits that it’s theoretically possible for an asset not backed by anything to chug along because of a self-fulfilling prophecy. However, Krugman […]

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Potpourri

==> Mario Rizzo stands up for economic freedom and tolerance. ==> A few people have told me to highlight this apparent Krugman Kontradiction on unemployment benefits and job search (scroll down a bit). I actually highlighted this when it initially occurred (perhaps because somebody brought it to my attention, I can’t remember). However, Krugman on […]

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Potpourri

==> Josie the Outlaw saunters into town, and lays her gold piece on the bar countertop. When the sheriff shows up, I hope he’s articulate and has really thought through his life choices. ==> More Bitcoin battling. Gary North is skeptical, Jeff Tucker is enthusiastic, and Roger Ver is loaded. ==> I’m a big Glenn […]

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Potpourri

==> The erudite von Pepe notified me that John Taylor has been blogging about Summers/Krugman as well; here’s a good example. ==> Here’s me with Tom Woods talking on this topic. ==> Speaking of Summers/Krugman, apparently the Onion anticipated their stance. ==> Mark Spitznagel is not on the Bitcoin bandwagon. ==> Danny Sanchez has a […]

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