Bitcoin has 3 flaws — and that could set the stage for other alternatives, says Cornell economist

It isn’t as anonymous as people think it is, and “mining” bitcoin is bad for the environment, pointed out economics professor Eswar Prasad.

“That is going to be much less energy intensive, and it could deliver a lot of the benefits that bitcoin was supposed to deliver.

“So you could take a bitcoin to a store and one day, get a cup of coffee and another day, with the same bitcoin, be able to treat yourself to a lavish meal.

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