THIS week's Free exchange column looks at some of the monetary economics of Bitcoin. One of the funny (and telling) things about Bitcoin is that its basic technical details are sufficiently complicated that every piece on the subject must begin with some sort of explainer. For that, let me direct you to a companion piece to the Free exchange, which looks at Bitcoin as a technological platform.
Bitcoin is really quite ingenious and elegant, but it has all sorts of basic flaws that make it an unlikely candidate for world domination. The Free exchange focuses on one in particular: limited supply.
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