<div dir="ltr">Paul Krugman, Nobel Laureate in Economics thinks otherwise.<br><br><a href="http://www.huffingtonpost.com/2013/04/13/paul-krugman-bitcoins_n_3076574.html">http://www.huffingtonpost.com/2013/04/13/paul-krugman-bitcoins_n_3076574.html</a><br>
<br><br></div><div class="gmail_extra"><br><br><div class="gmail_quote">On Sun, Apr 14, 2013 at 10:04 PM, William Wade <span dir="ltr"><<a href="mailto:willm.wade@gmail.com" target="_blank">willm.wade@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">I wonder how much power and†environmental†resources it takes to do money the old†fashioned†way. The power it takes to create a bitcoin is part of what gives it value and stability.<div>
<br></div><div>I think Adam Smith would be†intrigued†by bitcoin, but like everyone else will not really know what to make of it until more time passes.</div>

</div><div class="HOEnZb"><div class="h5"><div class="gmail_extra"><br><br><div class="gmail_quote">On Sun, Apr 14, 2013 at 9:31 PM, Rod-Lists <span dir="ltr"><<a href="mailto:rod-lists@epbfi.com" target="_blank">rod-lists@epbfi.com</a>></span> wrote:<br>


<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">From Slashdot<br>
Is Bitcoin Mining a Real-World Environmental Problem?<br>
"Mark Gimein points out that Bitcoing mining uses a lot of power, enough that it is a real world problem: 'About 982 megawatt hours a day, to be exact. Thatís enough to power roughly 31,000 US homes, or about half a Large Hadron Collider."<br>



<a href="http://news.slashdot.org/story/13/04/14/2234251/is-bitcoin-mining-a-real-world-environmental-problem" target="_blank">http://news.slashdot.org/story/13/04/14/2234251/is-bitcoin-mining-a-real-world-environmental-problem</a><br>



<br>
Krugman argues "Adam Smith Hates Bitcoin"<br>
<a href="http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/" target="_blank">http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/</a><br>
<br>
Krugman and others have argued that Bitcoin is experiencing deflation in relation to other currencies.<br>
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