The Bitcoin Fountainhead (Daron Acemoglu, Project-Syndicate)

While it is clear that cryptocurrencies are here to stay, it remains to be seen what economic role they will – or should – play. In the case of Bitcoin, the technology’s success lies entirely in what it promises, rather than in what it can actually deliver.

The Bitcoin Fountainhead by Daron Acemoglu – Project Syndicate (

Bitcoin El Salvador

El Salvador’s Bitcoin Folly (Jeffrey Frankel, Project-Syndicate)

Many aspects of cryptocurrencies are baffling, not least the success of a joke like Dogecoin. But El Salvador’s recent adoption of Bitcoin as legal tender alongside the US dollar is perhaps the strangest and potentially most worrying example of all.

El Salvador’s Bitcoin Folly by Jeffrey Frankel – Project Syndicate (