Afternoon Must Read: Izabella Kaminska on BitCoin
Izabella Kaminska: Bitcoin: Magic: The Undercapitalised Gathering Online/a>: “Who’d have thought that there might be an incentive for operators in a totally unregulated market to take people’s assets and run?
Or that self-regulation would be so lacking in a market that purposefully concocts information asymmetries that benefit money creators/the tech-savvy…. or that the Bitcoin system was only recreating and replicating all the bad incentives we know and love in our current system, which are now being curbed by intensified post-crisis regulation?