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NY Fed Economists Talk Bitcoin’s Role in a Centralized World

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. New York Fed Economists Michael Lee and Antoine Martin aren’t entirely dismissive of bitcoin, which only seems to make matters worse. In a Q&A, which is posted on the New York Fed’s website, the economists question bitcoin’s utility, arguing it will never be as easy to use ...

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NY Fed Economists: ‘Advanced Economies’ May Not Need C… | News

The Federal Reserve Bank of New York published an interview on their site Friday, Feb. 9, in which two of its economists explain cryptocurrency, highlighting crypto’s “trustless” nature, but expressing doubt that cryptocurrency could ever “realistically compete with current payment methods.” Michael Lee and Antoine Martin, both economists in the New York Fed’s Research and Statistics Group, took turns answering ...

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St. Louis Fed Sees Future in Crypto As Important Asset… | News

The Federal Reserve Bank of St. Louis has published a paper entitled “A Short Introduction to the World of Cryptocurrencies” with an overall favorable assessment of digital currency and Blockchain applications for the future. The paper, written by Aleksander Berentsen and Fabian Schär, begins with a humorous comparison of the Bitcoin (BTC) system to the island of Yap. The small ...

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