Yet another bit on bitcoin: is it a semi closed-end index fund on electricity and hardware?
Win-Vector Blog 2013-12-20
Summary:
Bitcoin continues to surge in buzz and price (194,993 coin transfer, US Senate hearings and astronomical price and total capitalization). This gets me to thinking: what in finance terms is Bitcoin? It claims aspire to be a currency, but what is it actually behaving like? To put my cards on the table: I am not […]