Bitcoin is FIRST BEST:
"Second best refers to the solution of a decision maker's optimization problem when the feasible choices are constrained by an economic friction that does not allow the first best to be reached." May 1, 2018
Bitcoin is FIRST BEST:
"Second best refers to the solution of a decision maker's optimization problem when the feasible choices are constrained by an economic friction that does not allow the first best to be reached." May 1, 2018
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