Can Crypto Currencies be Money? My talk at BitBrum on November 19 2017.
I gave this talk at BitBrum (http://bitbrum.org/), and cover what money is, why economists don’t understand it (but anthropologists like David Graeber do), what it actually is, whether Bitcoin qualifies (I don’t believe it does), and whether Bitcoin is in a bubble (which I believe it is–it has increased in price by almost 1000% in the past year), and what might happen to its price if it actually becomes money (rather than a speculative collectible) and starts being used on a large scale for transactions.
[ Jim Rickards ] -- 22 June 2017 -- CryptoCurrency Potential Risks
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