{"id":583,"date":"2013-12-25T18:33:00","date_gmt":"2013-12-25T18:33:00","guid":{"rendered":"https:\/\/melangedmaculateme.wordpress.com\/2013\/12\/25\/what-krugman-doesnt-get-about-bitcoin\/"},"modified":"2023-07-28T16:26:18","modified_gmt":"2023-07-28T20:26:18","slug":"what-krugman-doesnt-get-about-bitcoin","status":"publish","type":"post","link":"https:\/\/melange.dmaculate.me\/home\/2013\/12\/25\/what-krugman-doesnt-get-about-bitcoin\/","title":{"rendered":"What Krugman Doesn&#8217;t Get About Bitcoin"},"content":{"rendered":"<p>Bitcoin &amp; other cryptocurrencies are neither good nor evil. Nor do we know how they will evolve. This article draws attention to the payment network aspect of these so called currencies, which gets overlooked in the high drama of their valuation and the ideological flag waving of both advocates and detractors. \ufeff<\/p>\n<p><a href='http:\/\/www.washingtonpost.com\/blogs\/the-switch\/wp\/2013\/12\/23\/heres-what-paul-krugman-doesnt-get-about-bitcoin\/'>What Krugman Doesn&#8217;t Get About Bitcoin <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin &amp; other cryptocurrencies are neither good nor evil. Nor do we know how they will evolve. This article draws attention to the payment network aspect of these so called currencies, which gets overlooked in the high drama of their &hellip; <a href=\"https:\/\/melange.dmaculate.me\/home\/2013\/12\/25\/what-krugman-doesnt-get-about-bitcoin\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[34,75],"class_list":["post-583","post","type-post","status-publish","format-link","hentry","category-uncategorized","tag-bitcoin","tag-cryptocurrency","post_format-post-format-link"],"jetpack_publicize_connections":[],"jetpack-related-posts":[{"id":566,"url":"https:\/\/melange.dmaculate.me\/home\/2014\/01\/10\/everything-you-need-to-know-about-bitcoin-vice\/","url_meta":{"origin":583,"position":0},"title":"Everything You Need to Know\u2026","author":"aslam","date":"January 10, 2014","format":"video","excerpt":"Everything You Need to Know About Bitcoin: VICE Podcast 027 An informative and insightful conversation about the many aspects of Bitcoin.(Source: https:\/\/www.youtube.com\/)","rel":"","context":"In \"bitcoin\"","block_context":{"text":"bitcoin","link":"https:\/\/melange.dmaculate.me\/home\/tag\/bitcoin\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/SNssKmeXrGs\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598,"url":"https:\/\/melange.dmaculate.me\/home\/2013\/12\/17\/bitcoin-github-bithub\/","url_meta":{"origin":583,"position":1},"title":"Bitcoin + Github = Bithub","author":"aslam","date":"December 17, 2013","format":"link","excerpt":"An experiment in funding FLOSS projects in which donations are passed on to committers. Bitcoin + Github = Bithub","rel":"","context":"In \"FLOSS\"","block_context":{"text":"FLOSS","link":"https:\/\/melange.dmaculate.me\/home\/tag\/floss\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":424,"url":"https:\/\/melange.dmaculate.me\/home\/2014\/10\/09\/bitcoin-foundation-calls-for-access-to-research\/","url_meta":{"origin":583,"position":2},"title":"Bitcoin Foundation Calls for Access to Research Behind BitLicense","author":"aslam","date":"October 9, 2014","format":"link","excerpt":"Bitcoin Foundation Calls for Access to Research Behind BitLicense","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1634,"url":"https:\/\/melange.dmaculate.me\/home\/2011\/06\/14\/the-raw-story-senators-call-for-crackdown-on\/","url_meta":{"origin":583,"position":3},"title":"The Raw Story \u00bb Senators call for crackdown on \u2018Bitcoin\u2019 as drug traffickers move in \u00bb Print","author":"aslam","date":"June 14, 2011","format":false,"excerpt":"Via Scoop.it - Rights & LibertiesThe Internet barter system known as \u201cBitcoin,\u201d which makes it difficult for law enforcement to monitor online transactions, has raised the ire of two U.S. Senators who learned recently about a new website that lets Bitcoin users buy and sell illegal drugs.Show original","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1716,"url":"https:\/\/melange.dmaculate.me\/home\/2011\/01\/27\/facebook-is-a-bummer\/","url_meta":{"origin":583,"position":4},"title":"Facebook is a bummer","author":"aslam","date":"January 27, 2011","format":false,"excerpt":"\u2026according to a Stanford University study: (The researcher) suggests we might do well to consider Facebook profiles as something akin to the airbrushed photos on the covers of women\u2019s magazine. No, you will never have those thighs, because nobody has those thighs. You will never be as consistently happy as\u2026","rel":"","context":"In \"Facebook\"","block_context":{"text":"Facebook","link":"https:\/\/melange.dmaculate.me\/home\/tag\/facebook\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1704,"url":"https:\/\/melange.dmaculate.me\/home\/2011\/03\/14\/the-ugly-side-of-progress\/","url_meta":{"origin":583,"position":5},"title":"The ugly side of progress","author":"aslam","date":"March 14, 2011","format":"link","excerpt":"The \u201cbizarre boom of plastic surgery in small-town India.\u201d A girl (woman?) brought in for plastic surgery by her mother-in-law: Comments Dr Kalda (plastic surgeon), \u201cThe\u00a0saas\u00a0(mother-in-law)\u00a0examined the girl\u2019s naked body before marriage and brought her to me so she could be perfect for her son.\u201d A father makes his daughter\u2026","rel":"","context":"In \"India\"","block_context":{"text":"India","link":"https:\/\/melange.dmaculate.me\/home\/tag\/india\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts\/583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/comments?post=583"}],"version-history":[{"count":1,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts\/583\/revisions"}],"predecessor-version":[{"id":2493,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/posts\/583\/revisions\/2493"}],"wp:attachment":[{"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/media?parent=583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/categories?post=583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/melange.dmaculate.me\/home\/wp-json\/wp\/v2\/tags?post=583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}