Bitcoins and The Spectre of Deflation

I haven’t really blogged about Bitcoin before, but it’s been impossible to ignore this week as the decentralized, anonymous crypto-currency soared to record values and every pundit piped up to predict its fate. If you’ve never heard of Bitcoin, or want to fill in the gaps, check out these explanations and analyses by Felix Salmon (generally pessimistic) and Priceonomics (guardedly optimistic).

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