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Bitcoin is a bubble, but manias can have economic benefits

Retrieved on: 2018-01-29 20:22:30

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<div><b>Bitcoin</b> is, of course, a mania – a delusion of the sort that human societies are prone to. This is fighting talk from someone who declared in 2011 that <b>bitcoin</b> was all over. Being wrong is not interesting – it is rare things which are interesting, not common ones – but the psychology and <b>economics</b> here are ...</div>

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