The latest by and about Dr. Robert J. Shiller, Nobel prize winner and author of Irrational Exuberance. Independent and unaffiliated.
Saturday, March 1, 2014
In Search of a Stable Electronic Currency
Bitcoin, an experiment with a radically new kind of electronic money,
has exhibited many of the characteristics of a speculative bubble. That
was clear long before the collapse of the Bitcoin exchange Mt. Gox last
week.
First I've heard of UFs. Fascinating. How is speculation controlled? Is there some sort of market where UFs are traded? Some sort of futures market?
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