Comments on economics, mystery fiction, drama, and art.

Tuesday, January 13, 2015

A brief note on Bitcoin

There's a new organization (Coin Center) which has as its reason for existence promotion of bitcoin, or similar technologies.  As the founder and director of the center, Jerry Brito puts it: 

“We’re advocates.  We’re not advocating on behalf of any particular company or industry. We think simply that this technology offers a lot of benefits to consumers and to the wider economy and the world generally.”
Brito says the mission of the center has three elements (quoting from the article, not verbatim fromBrito):   "...educate lawmakers and regulators about what Bitcoin is and is not; perform policy research; and act as a booster for Bitcoin...."

Note the association of policy research and boosting a specific product.  What does that suggest to you about the objectivity of the policy research that will be performed?



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