Professor Kevin Dowd is Still Skeptical about Bitcoin - a

‘Bitcoin will still bite the dust’

Kevin Dowd, Professor of Finance and Economics in the Business School at Durham University, stands by his 2015 paper predicting the failure of the #1 digital currency.
A recent article by CoinDesk discusses research by an economist that suggests Bitcoin cannot survive long term, due to two key factors.
Kevin Dowd reached his conclusion back when the price of bitcoin was less than $400 – but he stands by it now, more than 3 years and 10x in price later. ‘My reasoning is based on two simple economic arguments. The first is that the bitcoin mining industry is a natural monopoly and a natural monopoly undermines bitcoin’s core value proposition. The second is that in markets with zero regulatory entry barriers, an inferior product cannot survive long-term. Either of these arguments is sufficient to produce my conclusion that the price of bitcoin must go to zero in the long term.’
Dowd’s arguments are well-reasoned, as you’d expect. (He’s not the first to predict bitcoin’s demise, of course.) And he states that no one has been able to refute his conclusions. ‘I have also yet to hear a single intelligent challenge to this argument from the bitcoin community. Instead, the typical response has been personal abuse. Name-calling is no substitute for a reasoned response, however.’

https://cryptoinferno.org/news/bitcoin-will-still-bite-dust/
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01-14 11:42 - '‘Bitcoin will still bite the dust’' (self.Bitcoin) by /u/Kylew88 removed from /r/Bitcoin within 36-46min

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Kevin Dowd, Professor of Finance and Economics in the Business School at Durham University, stands by his 2015 paper predicting the failure of the #1 digital currency.
A [recent article by CoinDesk]1 discusses research by an economist that suggests Bitcoin cannot survive long term, due to two key factors.
Kevin Dowd reached his conclusion back when the price of bitcoin was less than $400 – but he stands by it now, more than 3 years and 10x in price later. ‘My reasoning is based on two simple economic arguments. The first is that the bitcoin mining industry is a natural monopoly and a natural monopoly undermines bitcoin’s core value proposition. The second is that in markets with zero regulatory entry barriers, an inferior product cannot survive long-term. Either of these arguments is sufficient to produce my conclusion that the price of bitcoin must go to zero in the long term.’
Dowd’s arguments are well-reasoned, as you’d expect. (He’s not the first to predict bitcoin’s demise, of course.) And he states that no one has been able to refute his conclusions. ‘I have also yet to hear a single intelligent challenge to this argument from the bitcoin community. Instead, the typical response has been personal abuse. Name-calling is no substitute for a reasoned response, however.’ [[link]3
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‘Bitcoin will still bite the dust’
Go1dfish undelete link
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Author: Kylew88
1: ww***o*nde***com/bi*co*n-will-stil*-bite-th*-d*st 2: cr*ptoi*ferno.org*news/b***oin*wi*l-st**l*bit*-dus*/ 3: **ypt*in*erno.org/news/*i*coi**will-s*ill-bite*d**t/*^^*
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submitted by removalbot to removalbot [link] [comments]

BITCOIN BREAKING NOW!! IF THIS FINAL PRICE BREAKS - WE WILL SEE MASSIVE PUMP!! ALTCOINS LEADING?!? Christian Sears Investigates #16 - Kevin Dowd - Bitcoin HAPPENING NOW! BITCOIN COULD BE SETTING UP FOR MASSIVE HIGHER HIGH! SHOCKING!!!!! BITCOIN MOONSHOT BECAUSE OF THIS UNEXPECTED REASON! (ALTS I'm Making MASSIVE GAINS ON) Bitcoin July Price Update (17.07.2020): Huge Breakout Ahead!

Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside. Read the weekly forecast BTC By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC.. CoinDesk published an op-ed by Dowd Monday, with the title, “Bitcoin Will Still Bite 357 BitcoinW ill Bite the Dust Kevin Dowd and Martin Hutchinson Bitcoin is the most radical innovation in the monetary space fora very long time. It is an entirely private monetary system that runs The Value of Risk Reporting: A Critical Analysis of Value-at-Risk Disclosures in the Banking Sector. International Journal of Financial Services Management 3 (1): 45-64. Dowd, K. (2007). According to Professor Kevin Dowd Bitcoin, it is a means of payment but does not function too well as a store of value, and definitely not a universally accepted medium of exchange. At the same time, he makes it clear that on balance, he would be happy to regard it as private money, but wouldn’t want to argue the toss on mostly semantic issues.

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BITCOIN BREAKING NOW!! IF THIS FINAL PRICE BREAKS - WE WILL SEE MASSIVE PUMP!! ALTCOINS LEADING?!?

The more the network of Bitcoin users and merchants grows, and the more secure and advanced the system becomes, the bigger Bitcoin’s value in USD and other currencies can get. Even though my main scenario is still a bearish one, we are today going to see if it gets validated or not from this one key level with whom the price is currently interacting. Check out the video ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Dec. 6 (Bloomberg) -- Bloomberg political analyst Matthew Dowd talks about the concerns surrounding Bitcoin on Bloomberg Television's "Bloomberg Surveillance." -- Subscribe to Bloomberg on YouTube ... The Theory of Money and Credit—Mises's first major work—revolutionized economics by introducing a new theory of how and why money has value. It deserves serious attention, and Dr. Jeffrey ...

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