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Opinion: Czech National Bank Says Banks Shouldn't Fear Bitcoin, but Misses Its Point

Bitcoin

In a piece titled “Don’t be afraid of bitcoin," the Czech National Bank states that bitcoin and other cryptocurrencies aren’t a threat to the current monetary system due to price volatility. The text starts by exemplifying how popular digital currencies already are in the country, and uses a café in Prague that accepts bitcoin payments as an example. Then it adds that digital currency enthusiasts...

Last Stage of Bitcoin Bubble Yet to Occur, Says Economic Professor

bitcoin price crash bubble

According to Panos Mourdoukoutas, Professor and Chair of the Department of Economics at LIU Post in New York who is also contributing to several professional journals and magazines, such as Forbes and The New York Times, when the bitcoin bubble will burst, there will be a final stage, which he calls "mania". The professor explained that every bubble has the same attributes, which is often...

Economics Professor: Bitcoin Will Make Plenty of Millionaires

India Bitcoin

According to a recent write-up published by Panos Mourdoukoutas, Professor and Chair of the Department of Economics at LIU Post in New York who is also contributing to several professional journals and magazines, such as Forbes and The New York Times, until its dive, bitcoin will make many more people millionaires. Bitcoin hit $3,000 this month after a big correction down to $2,682 from $2,957 in...

Should the DAO Hire Professional Consultants?

Decentralized organizations have a tendency to require much input from very few people, with the vast majority relying on their free and voluntary work. However, as they provide their input due to simple interest, they may be unwilling to take a fully comprehensive and professional approach. The volunteers eventually take a semi-leadership position, but lacking a paid incentive, seemingly simple...

Bitcoin is Dead Because You Are Too Dumb

Viper

Bitcoin is dead. Bitcoin is dead, cry the critics. Like vultures at a funeral, financial pundits are circling. Each one is vying to print their "I told you, so"'s before the other - fighting like starving dogs over table scraps. Benign Parsimony Bitcoin is dead, they say again. Miner's are shutting down. Services are running off with customer's coins. Bitcoin is a Ponzi Scheme. The Bitcoin CEO...

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