Bitcoin hits $17K as bubble fears mount
Macro-economist here.<p>I can’t wait for this bubble to burst so some non-noxious (inflationistic, fractional-reserve-banking enabling)  second- or third-generation cryptocurrency to supplant it and harness the blockchain in a less naive manner.<p>• Something I wrote about the macroeconomic flaws of bitcoin (posted previously, zero comments): <a href="https:&#x2F;&#x2F;medium.com&#x2F;@jamesjunghanns&#x2F;my-0-00000173120-btc-a-practicing-orthodox-macroeconomists-unsolicited-views-on-bitcoin-543da352fc49?source=linkShare-229012a5fba0-1512731487" rel="nofollow">https:&#x2F;&#x2F;medium.com&#x2F;@jamesjunghanns&#x2F;my-0-00000173120-btc-a-pr...</a><p>• An analysis of the rising amplitude and quickening frequency of oscillations in valuation, leading to a projection of peak value and crash time: <a href="https:&#x2F;&#x2F;mynabla.com&#x2F;2017&#x2F;11&#x2F;30&#x2F;bubble-trouble-exploring-an-lppl-model-for-bitcoin&#x2F;" rel="nofollow">https:&#x2F;&#x2F;mynabla.com&#x2F;2017&#x2F;11&#x2F;30&#x2F;bubble-trouble-exploring-an-l...</a><p>• A financially dignified and macroeconomically sophisticated proposed cryptocurrency (not affiliated): <a href="http:&#x2F;&#x2F;www.getbasecoin.com&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.getbasecoin.com&#x2F;</a>