Paul krugman about bitcoin

One of the core challenges of designing a digital currency involves something called the double-spending problem. Users willing to devote CPU power to running a special piece of software would be called miners and would form a network to maintain the block chain paul krugman about bitcoin. In the process, they would also generate new currency. When Nakamoto’s paper came out in 2008, trust in the ability of governments and banks to manage the economy and the money supply was at its nadir.