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Hitting the Books: How Bitcoin is somehow worth more than the paper it's printed on | Engadget

cryptocurrency 3 weeks ago
Economist Eswar Prasad argues the cryptocurrency's value is a matter of faith. Bitcoin and similar blockchain-based cryptos exhibit the same radical divergence from traditional scarcity economics that we first saw when MP3s and Napster cratered physical album sales at the turn of the century. Unlike …
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