Cryptocurrency industry figures are reacting with scorn after US economist Paul Krugman likened Bitcoin to “setting the monetary system back 300 years.” Bitcoin Is No Evolution, Suggests Krugman In an opinion piece for the New York Times July 31, Krugman took aim at the high cost of Bitcoin mining and the “speculatory” nature of its users, claiming it undermined stability compared to fiat currency. “…You’re supposed to be sure that a Bitcoin is real withoutRead MoreThe post ‘Delusional’ Paul Krugman Says Bitcoin Sets Monetary System Back 300 Years appeared first on Bitcoinist.com.
