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Bitcoin – The Emperor Has No Clothes
My Guest Blogger Manny Gonzalez brings a unique multi-disciplinary perspective to this issue – public policy, financial analysis, and technology. As an officer of the World Bank, Mr. Gonzalez advised governments and financial institutions; as an investment banker he designed financial derivatives and assessed IPOs. He has als been awarded 5 US Patents related to gathering information on the internet. He is now a successful entrepreneur. MBA Columbia University, Robert J. McKim, Jr., Fellow, and Roswell McCrea Award winner.
This article first appeared in the Philippine Star. It is reprinted with the author's permission.
Thinking of plunging into Bitcoins? Read this first.
Dazzled by the technology, some claim Bitcoins are a new kind of money. No, they aren’t, and I’ll explain why. Unlike some parties who should know better, I was not asleep during my Money & Banking classes.