Paul Krugman and Brad DeLong have found fault with bitcoin, ... In May 2015, Intercontinental Exchange Inc., parent company of the New York Stock Exchange, announced a bitcoin index initially based on data from Coinbase transactions. According to Bloomberg, in 2013 there were about 250 bitcoin wallets with more than $1 million worth of bitcoins. The number of bitcoin millionaires is uncertain ... Paul Krugman and Brad DeLong have found fault with bitcoin, questioning why it should act as a reasonably stable store of value or whether there is a floor on its value.  Economist John Quiggin has criticized bitcoin as "the final refutation of the efficient-market hypothesis".  David Andolfatto, Vice President at the Federal Reserve Bank of St. Louis, stated that bitcoin is a threat ... A rise in Tether/Bitcoin will cause Bitcoin/USD to rise in value as arbitrageurs will move in. Once an arbitrageur spots that Bitcoin/Tether is trading at a higher price than Bitcoin/USD, he will short the Bitcoin/Tether pair and buy Bitcoin/USD. The final leg would be to sell/convert Tether for USD. Note how an artificial upward pressure created on the Bitcoin/Tether pair will automatically ... Brad DeLong's Grasping Reality Archives Highlighted Teaching RSS Twitter micro.blog Edit Sidebars On the Internet For Reference Edit Posts Jill Abramson, Formerly of the New York Times, Has Both a Depraved Heart and a Social Intelligence Deficit Bitcoin is an ideal currency in many respects, but its ability to serve as a store of value and a medium of exchange depends on the ability to use the currency in a variety of circumstances…and that depends on adoptability by the broader public.
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- Confirmed – SendFriend Reveals xRapid Service Launch by Q1 2019 Since Brad’s Commitment Achieved - GBX-DAX (Gibraltar Blockchain Exchange - Digital Asset Exchange), fully regulated & owned ... Judge Rules "Presidents Are Not Kings," Meaning Don McGahn May Be Compelled To Testify - Duration: 5:48. The Late Show with Stephen Colbert Recommended for you. New Subscribe to Kubera and check out my other channel for more goodies https://www.youtube.com/c/AVIYT How I lost $100,000+! - https://youtu.be/-lmib-NJm... Californian congressman calls for outlaw the purchase of bitcoin and cryptocurrency in the United States in order to defend the petro dollar. Free Cryptocurr... July 12 (Bloomberg) -- Brad DeLong, professor of economics at the University of California at Berkeley, talks about the need for another round of quantitative easing by the Federal Reserve. DeLong ...