Bitcoin: Money of the Future or Old-Fashioned Bubble? (Mises Institute)
Tuesday April 9th, 2013
Bitcoin has been all the rage lately. The stuff, or lack thereof, runs on peer-to-peer technology, is fully decentralized, has no patents, and is open source. Currently, there are almost 11 million bitcoin units in existence and the maximum amount of bitcoin units that will ever be created by the logic of its design are 21 million.