There are better arguments for trashing on Krugman than his opinion on Bitcoin, which means this as an attempt to ride the Krugman-trashing train to defend Bitc

There are better arguments for trashing on Krugman than his opinion on Bitcoin, which means this as an attempt to ride the Krugman-trashing train to defend Bitcoin. >If he surfed a few cryptocurrency resources he would find coherent explanations of how blockchains work in general and how Bitcoin works in particular. While it might require a little intellectual effort, it is well within the capabilities of the average Nobel laureate. There is more to understand about cryptocurrency than the technical implementation details. Furthermore, the technical implementation is so complicated there is no way to avoid adding yet another class of people responsible for keeping some part of the financial system running. If anything, by saying "nobody really understands [bitcoin]" he's letting bitcoin off easy.