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The rise of Bitcoin (and other crypto-currencies) appears that it will have a negative net effect for most law-abiding citizens, but it has provided us with a rather wonderful teaching opportunity. It underlines the weaknesses of existing analytical techniques. (I discussed Bitcoin in a previous article, but I used it to take a sideswipe at DSGE models, and I didn't bother giving the correct answer.) Due to article length, this article will discuss incorrect valuation techniques. Part II will give the correct methodology.... Bond Economics Bitcoin Valuation Part I: The Wrong AnswersBrian Romanchuk
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Mike Norman considers the following as important: Bitcoin
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The rise of Bitcoin (and other crypto-currencies) appears that it will have a negative net effect for most law-abiding citizens, but it has provided us with a rather wonderful teaching opportunity. It underlines the weaknesses of existing analytical techniques. (I discussed Bitcoin in a previous article, but I used it to take a sideswipe at DSGE models, and I didn't bother giving the correct answer.) Due to article length, this article will discuss incorrect valuation techniques. Part II will give the correct methodology.... Bond Economics Bitcoin Valuation Part I: The Wrong AnswersBrian Romanchuk
Topics:
Mike Norman considers the following as important: Bitcoin
This could be interesting, too:
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Mike Norman writes My new podcast episode is out.
The rise of Bitcoin (and other crypto-currencies) appears that it will have a negative net effect for most law-abiding citizens, but it has provided us with a rather wonderful teaching opportunity. It underlines the weaknesses of existing analytical techniques. (I discussed Bitcoin in a previous article, but I used it to take a sideswipe at DSGE models, and I didn't bother giving the correct answer.)
Due to article length, this article will discuss incorrect valuation techniques. Part II will give the correct methodology....Bond Economics
Bitcoin Valuation Part I: The Wrong Answers
Brian Romanchuk