Economist explains the two futures of crypto | Tyler Cowen

Economist Tyler Cowen confirms there are good reasons to be crypto-skeptical. Subscribe to Big Think on YouTube ► Watch our playlist Bitcoin: Cryptocurrency bubble or revolution? ► Cryptocurrency is truly a new idea, and it’s rare for society to encounter fundamentally new ideas. Cryptocurrency is well positioned to serve a crucial financial and transactional role as a globalized internet grows to include more of our lives. Crypto enthusiasts espouse grand plans that do not sound realistic, while crypto skeptics fail to appreciate the revolutionary nature of the technology. Read the video transcript ► ---------------------------------------------------------------------------------- About Tyler Cowen: Tyler is the Holbert L. Harr