13 Dec '13, 7am

Boot up: Bitcoin deflation, Google v email, MOOC (dis)engagement, and more

Boot up: Bitcoin deflation, Google v email, MOOC (dis)engagement, and more

According to the official US Bureau of Labor Statistics measure, prices measured in dollars are up 1.3% since January. That's mild inflation. Prices measured in Bitcoins are down 98.5% over the same period. This is a great development if you own a lot of Bitcoins. But it would be a disaster if it were the official currency of the United States--the coin of the realm, so to speak. Deflation is all about the buying power of a currency. It's not just prices of things people buy that fall in a generalized deflation. Wages and salaries also fall. So cheaper goods aren't really any cheaper in terms of your buying power. Two bad things happen in a deflation. First, people tend to postpone purchases as they wait for prices to get lower. That slows the economy to a crawl. Second, debts get more and more burdensome because they don't shrink the way everything else does. If you owed ...

Full article: http://www.theguardian.com/technology/blog/2013/dec/13/bi...

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Bitcoin and the massive deflation no one is talking about:

Bitcoin and the massive deflation no one is tal...

businessweek.com 12 Dec '13, 9pm

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Bitcoin: Price v hype

bbc.co.uk 13 Dec '13, 1am

13 December 2013 Last updated at 01:27 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

Bitcoin: Price v hype

bbc.co.uk 13 Dec '13, 2am

13 December 2013 Last updated at 11:40 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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