Professor Kevin Dowd is Still Skeptical about Bitcoin - a ...

‘Bitcoin will still bite the dust’

Kevin Dowd, Professor of Finance and Economics in the Business School at Durham University, stands by his 2015 paper predicting the failure of the #1 digital currency.
A recent article by CoinDesk discusses research by an economist that suggests Bitcoin cannot survive long term, due to two key factors.
Kevin Dowd reached his conclusion back when the price of bitcoin was less than $400 – but he stands by it now, more than 3 years and 10x in price later. ‘My reasoning is based on two simple economic arguments. The first is that the bitcoin mining industry is a natural monopoly and a natural monopoly undermines bitcoin’s core value proposition. The second is that in markets with zero regulatory entry barriers, an inferior product cannot survive long-term. Either of these arguments is sufficient to produce my conclusion that the price of bitcoin must go to zero in the long term.’
Dowd’s arguments are well-reasoned, as you’d expect. (He’s not the first to predict bitcoin’s demise, of course.) And he states that no one has been able to refute his conclusions. ‘I have also yet to hear a single intelligent challenge to this argument from the bitcoin community. Instead, the typical response has been personal abuse. Name-calling is no substitute for a reasoned response, however.’

https://cryptoinferno.org/news/bitcoin-will-still-bite-dust/
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01-14 11:42 - '‘Bitcoin will still bite the dust’' (self.Bitcoin) by /u/Kylew88 removed from /r/Bitcoin within 36-46min

'''
Kevin Dowd, Professor of Finance and Economics in the Business School at Durham University, stands by his 2015 paper predicting the failure of the #1 digital currency.
A [recent article by CoinDesk]1 discusses research by an economist that suggests Bitcoin cannot survive long term, due to two key factors.
Kevin Dowd reached his conclusion back when the price of bitcoin was less than $400 – but he stands by it now, more than 3 years and 10x in price later. ‘My reasoning is based on two simple economic arguments. The first is that the bitcoin mining industry is a natural monopoly and a natural monopoly undermines bitcoin’s core value proposition. The second is that in markets with zero regulatory entry barriers, an inferior product cannot survive long-term. Either of these arguments is sufficient to produce my conclusion that the price of bitcoin must go to zero in the long term.’
Dowd’s arguments are well-reasoned, as you’d expect. (He’s not the first to predict bitcoin’s demise, of course.) And he states that no one has been able to refute his conclusions. ‘I have also yet to hear a single intelligent challenge to this argument from the bitcoin community. Instead, the typical response has been personal abuse. Name-calling is no substitute for a reasoned response, however.’ [[link]3
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‘Bitcoin will still bite the dust’
Go1dfish undelete link
unreddit undelete link
Author: Kylew88
1: ww***o*nde***com/bi*co*n-will-stil*-bite-th*-d*st 2: cr*ptoi*ferno.org*news/b***oin*wi*l-st**l*bit*-dus*/ 3: **ypt*in*erno.org/news/*i*coi**will-s*ill-bite*d**t/*^^*
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Kevin Dowd Martin Hutchinson In Matthew 25: 14-30, Jesus recounts the Parable of the Talents, the story of how the master goes away and leaves each of three servants with sums of money to look ... 357 BitcoinW ill Bite the Dust Kevin Dowd and Martin Hutchinson Bitcoin is the most radical innovation in the monetary space fora very long time. It is an entirely private monetary system that runs Contact Professor Kevin Dowd (email at [email protected]) ... Bitcoin Will Bite the Dust. Cato Journal 35(2): 357-382. 7: Dowd, K. (2017). Killing the Cash Cow: Why Andy Haldane is Wrong about Demonetisation. Adam Smith Institute Briefing Paper. Dowd, K. & Hutchinson, M. (2010). Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System. Chichester ... Kevin Dowd. Kevin Dowd is a professor of Economics and Finance at Durham University. A libertarian and fierce advocate of private money over government-issued and controlled alternatives, Dowd has written extensively about Bitcoin, in addition to presenting on the issues surrounding it. Dowd is no evangelist, however; he recognizes the frailties of Bitcoin in its current form, and considers ... Kevin Dowd, one of the foremost experts on private money and free banking, takes us through the recent his-tory of private monetary systems. Some of these have been based on gold, such as the Liberty Dollar and e-gold; others, such as Bitcoin, have been based on an entirely new system of limiting supply.

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How to Invest in Bitcoin and Cryptocurrency in 2020 - YouTube

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