Professor Kevin Dowd: “The regulations in NY regarding ...

How it is easy to change an opinion on Bitcoin

Just read an article by Kevin Dowd http://www.cityam.com/1415215686/bitcoin-bust-why-investors-should-abandon-doomed-cryptocurrency
tl;dr You need to sell your bitcoins while it is not too late, the industry moves to total centralization of miners. Bitcoin will fall to zero.
E.g.:
And so the whole bitcoin system eventually becomes a house of cards, and anything – a scandal, a government attack, whatever – could trigger a loss of confidence leading to a run that brings it all down.
Just after a quick search I find another article from June 2014 in The Guardian with interview with the same professor: http://www.theguardian.com/technology/2014/jun/17/bitcoin-privatise-pound-free-market-thinktank
Kevin Dowd, a professor of finance and economics at Durham University, says that although bitcoin isn't the first example of private money, it is the first that governments can't shut down. Therefore, he says, authorities should admit that it's here to stay, and allow competition on a level playing field between all alternative forms of money.
I'm just curious, what makes those "experts" to change opinion 180 degrees during such a short period of time. He was a "believer" and became a "hater". What do you think?
submitted by CoinATMRadar to Bitcoin [link] [comments]

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Kevin Dowd. Kevin Dowd is a professor of Economics and Finance at Durham University. A libertarian and fierce advocate of private money over government-issued and controlled alternatives, Dowd has written extensively about Bitcoin, in addition to presenting on the issues surrounding it. Dowd is no evangelist, however; he recognizes the frailties of Bitcoin in its current form, and considers ... Kevin Dowd ist Professor für Wirtschaft und Finanzen an der Universität Durham. Libertär und unerschrockener Verfechter privaten Geldes gegenüber von der Regierung herausgegebenen und kontrollierten Alternativen, hat Dowd ausführlich über Bitcoin geschrieben, zusätzlich zu den Themen, die ihn umgeben. Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC.. CoinDesk published an op-ed by Dowd Monday, with the title, “Bitcoin Will Still Bite ... Kevind Dowd. Image from Independent Institute. By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC.

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