Why Forbes’ Tim Worstall is Wrong about Bitcoin
Bitcoin’s death knell has rung out many times by now, and its naysayers are still in force. A reader perusing the many articles attacking or mocking Bitcoin point out the tremendous problems Bitcoin has a currency, as a store of…
Bitcoin’s Babysitter Dilemma and the Domino Effect
Paul Krugman in 1998 wrote an article on the Capitol Hill Babysitting Co-op. Pascal-Emmanuel Gorby summarized Krugman’s point in this article in Forbes: The story of the baby-sitting co-op is that a bunch of people agree to baby-sit for one another,…