Faculty News
—
In an op-ed, Prof. David Yermack outlines Bitcoin's flaws
—
![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_031606.jpg?h=cd55d432&itok=BZ_bGuFt)
Excerpt from MIT Technology Review -- "Money is supposed to serve three purposes: it functions as a medium of exchange, a unit of account, and a store of value. Bitcoin arguably satisfies the first criterion, because a growing number of merchants accept it as payment. But it performs poorly as a unit of account and a store of value."
Faculty News
—
![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_031606.jpg?h=cd55d432&itok=BZ_bGuFt)
Excerpt from MIT Technology Review -- "Money is supposed to serve three purposes: it functions as a medium of exchange, a unit of account, and a store of value. Bitcoin arguably satisfies the first criterion, because a growing number of merchants accept it as payment. But it performs poorly as a unit of account and a store of value."