Tags : woeful

Bitcoin

Economist paints woeful outlook if Bitcoin were to ever succeed

London School of Economics teacher Jon Danielsson argues that Bitcoin and fiat currency cannot co-exist. Danielsson claims the concept of Bitcoin as money makes no sense. What’s more, should it ever succeed, he envisions a world of great inequality which, as he alludes to, is contrary to its egalitarian principle. “Fortunately, the more successful bitcoin […]Read More