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Headline : What The ECB Gets Wrong About Bitcoin

Read more from the original article on here at www.cryptobreaking.com.





Tags : #ecb #gets #wrong #about #bitcoin


No. of Paragraph 31

Last week, Ulrich Bindseil and Jürgen Schaaf of the European Central Bank (ECB) published a paper entitled “The distributional consequences of Bitcoin” in which they made a host of dubious claims about Bitcoin.

The notions that those who are late to investing in bitcoin are impoverished by those who were early to investing in it and that Bitcoin has failed as a payments technology are the authors’ central arguments.

Bitcoin analyst Tuur Demeester sounded the alarm about the report on X.

As a former academic, I was appalled at how lazy the arguments in this paper were. Hence, I’ve taken the time to push back on some of them.

Read more from the original article on here at www.cryptobreaking.com.


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