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At the moment it’s slow and costly John Quiggin Opinion. December 15, 2017 - by Bitcoin FYI. Bitcoin has arrived, it seems. Not only has the price of Bitcoins soared above $15,000, repeatedly recovering from sharp drops along the way, but financial markets are now treating Bitcoin and other cryptocurrencies as legitimate financial assets. Most recently, the Chicago Mercantile Exchange ... John Quiggin Commentary on Australian and world events from a socialist and democratic viewpoint. Economics - General . The Bitcoin Bubble and a Bad Hypothesis. April 17, 2013 John Quiggin 93 Comments. That’s the title of my latest piece at The National Interest. The blurb sums it up pretty well. Under the efficient-markets hypothesis, a worthless digital currency should have never gotten ... Auf STERN.DE finden Sie News, spannende Hintergründe sowie bildstarke Reportagen aus allen Bereichen: Von Politik und Wirtschaft bis Kultur und Wissenschaft. Vast amounts of electricity have gone into feeding the Bitcoin delusion. Fortunately, it's unlikely that the digital currency will survive long enough to generate the environmental disaster that ... I’m giving a talk tomorrow at a Colloquium organized by a group called Sort, on The Wasteful Economics in Resource Recovery, and I’ve been asked to talk a bit about blockchain technology. That reminded me that I needed to take another look at the issue, and what has changed since 2015 when I wrote that at most of the market value of a Bitcoin reflects the electricity wasted in the ...
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