Do you have any thoughts on decentralized currencies like Bitcoin?

Official response from submitted

My general sense is that "private" money systems/currencies are even more prone to abuse and corruption with negative economic effects than public money systems. That is why the transitions occurred from private to public over the centuries.


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  • responded with submitted 2016-12-19 16:52:31 -0500
  • published this page in Ask Prof. Wolff 2016-12-19 11:32:12 -0500

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