{"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_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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}},"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_featured_media_url":"","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":78,"url":"https:\/\/melange.dmaculate.me\/home\/2016\/12\/31\/there-is-a-way-to-help-syrians-our-intervention\/","url_meta":{"origin":583,"position":4},"title":"There is a way to help Syrians &#8211; our intervention must begin at home | Middle East Eye","author":"aslam","date":"December 31, 2016","format":"link","excerpt":"\u2026 apathy is not the natural state of any society, nor is any individual ever completely impartial to any passing event. Apathy is a product of certain political mentalities, designed to dramatise some issues over others. For this reason, we must engage in activities that help us re-examine the inhibiting\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":447,"url":"https:\/\/melange.dmaculate.me\/home\/2014\/08\/20\/fifteen-years-later-fight-club-still-sucks\/","url_meta":{"origin":583,"position":5},"title":"Fifteen Years Later, &#8216;Fight Club&#8217; Still Sucks  | VICE United States","author":"aslam","date":"August 20, 2014","format":"link","excerpt":"The brutality they exercise on one another is borderline pornographic. Society has never told men that in order to be real men, they must not fight, nor express their animalistic instincts. It is, rather, the opposite. War Machine may currently be public enemy number one, but the fact remains that\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_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}]}}