On a day when there is a report out about the confused approach of
regulators regarding the $200 billion 'cryptocurrency' market another
report caught my eye: Academics study the probability that bitcoin's
price will fall to zero - in one day! But a similar calculation would be
to find the probability that a meteor hits the earth and wipes out all
life - interesting but pretty useless. Cryptocurrencies serve those in
failed states quite well, in addition to criminals and tax cheats. Use
your common sense!
How likely it is that bitcoin will become worthless? (CNBC)
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