Professor Kevin Dowd: “The regulations in NY regarding ...

‘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/
submitted by Kylew88 to BitcoinMarkets [link] [comments]

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
'''
‘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/*^^*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

What is Bitcoin's Intrinsic value? How to Invest in Bitcoin and Cryptocurrency in 2020 - YouTube Is Bitcoin Valuable? BTC Price After MASS ADOPTION  What is Mimblewimble? Winklevoss Twins Bitcoin News CRYPTOCURRENCY, BLOCKCHAIN TECHNOLOGY AND BITCOINS VALUE ...

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 ... The author is Kevin Dowd, a ... This monopolization will remove bitcoin of its most important value proposition, decentralization, and hence destroy it. While I agree that bitcoin mining perhaps comes across as one of the most vulnerable elements of the bitcoin ecosystem, I do not believe monopolization of the bitcoin mining industry is as black and white as Mr. Dowd believes. Let’s first ... 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 According to Professor Kevin Dowd Bitcoin is a means of payment but does not function too well as a store of value, and definitely not a universally accepted medium of exchange. At the same time he makes it clear that on balance, he would be happy to regard it as private money wouldn’t want to argue the toss on mostly semantic issues. BitLicense are Kiss of Death as They Defeat the Whole ...

[index] [18480] [41914] [8708] [12195] [45639] [12451] [42288] [9615] [14634] [28260]

What is Bitcoin's Intrinsic value?

How can Bitcoin have any value? Is Ethereum worthless? Well, yeah! But so are your dollars, euros, yens. Money is a weird thing. It is not backed by gold or silver, but by our belief in it. Follow the link below to watch the full video from this panel and the rest of this year's Monetary Conference: http://www.cato.org/events/32nd-annual-monetar... What might 1 BTC be worth after mass adoption? This is something that Mattie will look into. He will also talk about the Winklevoss Twins making a serious wall street bitcoin warning. In addition ... Educate yourself on how to trade Bitcoin correctly, just like I have done. If you take all 3 levels, the last level is jaw-dropping as you will learn how to buy stocks for free. Get a $50 discount ... Free Bitcoin Values Upgrade Level 2 Live Payment No Investment All In One. Loading... Unsubscribe from All In One? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe. Loading ...

#