"And now here we are in a world of high information technology — and people think it’s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776."
Whatever the high-tech economic mechanism will be, bitcoin doesn't seem likely to be it.
"And now here we are in a world of high information technology — and people think it’s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776."
Whatever the high-tech economic mechanism will be, bitcoin doesn't seem likely to be it.