If economics is about ‘choice under constraint’, then virtual economies are all around us in the digital sphere – retweeting, clicks on facebook, bitcoin, game play. Can our behaviour in virtual economies teach us anything about ‘real world’ economics?
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Part 2 of our Bitcoin podcast looks at the political and philosophical implications of private currencies and what they can teach existing systems…
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Will Bitcoin, a private digital currency, replace national currencies such as euros, dollars and pounds? Will it languish as an anonymous currency for money laundering and drug deals? Is it a speculative investment rather than a currency? First part of a 2 part podcast.
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