28 Oct '14, 1pm

4 Reasons Why Economists Should Love Bitcoin #Bitcoin #Economics

4 Reasons Why Economists Should Love Bitcoin #Bitcoin #Economics

Ask most economists what they think about Bitcoin and you’ll likely get an answer somewhere on the scale of “more like bit-con, amirite ” and “I want bitcoin to die in a fire .” Not very friendly. I studied economics and this doesn’t make sense to me. From an academic standpoint all I see is vast potential for this technology. Here are the top 4 reasons why economists should love Bitcoin: 4. Bitcoin Makes Trade Easier Modern economics is rooted in the belief that competition in the global economy is a non-zero-sum game. What this means is that when nations interact through peaceful relations and trade all willing participants benefit. This belief is at the root of all arguments for free trade and globalization; the more opportunities there are for people on Earth to trade with each other, the better off we will all be. This belief was born as a response to mercantilism , a...

Full article: http://cointelegraph.com/news/112813/4-reasons-why-econom...

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