Cryptic Labs, a commercial blockchain research lab has announced the addition of two Economics Nobel Prize winners to its team. Dr. Eric S. Maskin and Sir Christopher Pissarides will provide their unique insights on incentive mechanisms, game theory and macro-economic policies to its Economics Advisory Board. Dr. Maskin, the Adams University Professor at Harvard University […] Almost 30 years ago, Nobel Prize-winning American economist Milton Friedman said he would like to have money controlled by a computer. He also said it would be a better world without the Federal Reserve. One of his two desires is already happening in the form of Bitcoin. In fact, he seems to have predicted its formidable rise in 1991. And with the FED’s incessant money printing causing ... Nobel laureate in economics Joseph Stiglitz shared his opinion about cryptocurrencies in an interview with CNBC. He was strongly opinionated about “shutting down cryptocurrencies”, being hung up on the idea that cryptocurrencies do not have the necessary transparency needed to be widely adopted as a currency. Though he says he’s a great advocate of moving unto electronic payment ... 2016 Nobel Laurette Claims Smart Contracts Are Not The Solution for Everything Global cryptocurrencies often differ in terms of their objectives as well as how they function. ETH or Ethereum is the Robert Shiller, who won the Nobel Memorial Prize in Economics in 2013, holds that Bitcoin, amongst other cryptocurrencies, might be just another failed experiment. He touched on their complexity and the fact that they are connected with a yearning for social revolution. Nobel prize winner Paul Krugman has predicted the total collapse of Bitcoin because of its deflationary nature, going as far to call it “evil.” Another winner of the Nobel prize for economics and a professor at Yale University, Robert Shiller, compared Bitcoin to failed currency experiments of the past. The Bitcoin wallet is in fact a file that we need to send and receive bitcoins; it may be stated that this “document” “contains” our Bitcoins, though in fact what it comprises are cryptographic keys (personal, unique, unrepeatable and secret keys) which make us owners of our bitcoins and let us authorize payments (move possession of the bitcoins). Economics is not one of the original Nobel Prizes created by Alfred Nobel's will, but the nomination process, selection criteria, and awards presentation of it are performed similarly to those of the Nobel Prizes. It is actually a ... This draft report was prepared with the EU Blockchain Observatory & Forum as a discussion document for the workshop, “Blockchains & smart contracts legal and regulatory framework”, held in ... Merton is the latest Nobel Prize winner in Economics casting a critical eye on cryptocurrencies. Robert Shiller , a Yale professor and 2013 Nobel laureate for economics said in May that bitcoin is a bubble, and it could go extinct within the next 100 years during a conversation with CNBC.
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