April 11, 2013

MEGAN MCARDLE: Why Bitcoin Is A Bubble. “On net, the digital era has made it easier, not harder, for governments to control the finances of their citizens. . . . Given that, bitcoins seem overvalued to me. People are betting on bitcoins as an actual substitute for money, not a novelty currency. And while I wish the bettors luck, I think they’re facing some pretty long odds.”

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