http://www.coindesk.com/volatility-deflation-manipulation-response-bitcoins-critics/Bitcoin has its share of critics and skeptics, and opposition to the emerging technology – especially among the intelligentsia – shows no sign of abating. Notable commentators on the topic range from author Jeffrey Robinson to finance blogger Karl Denninger, Boston University professor Mark Williams, rabid Keynesian Paul Krugman, Austrian economist Gary North and FT Alphaville's Izabella Kaminska.
Typically, the arguments put forth by an elite group of critics like this could be easily attributed to a lack of economic credentials or real-world experience in sophisticated financial markets. But that is simply not the case here – which makes it all the more puzzling to comprehend. Since the various critiques fall short on any convincing economic analysis, I suppose one could put it down to mere philosophical differences on the origin and nature of money.
