Too Long; Didn't Read
Much has been written by economists on the subject of bitcoin. The latest paper by University of Chicago Professor <a href="http://faculty.chicagobooth.edu/eric.budish/research/Economic-Limits-Blockchain.pdf" target="_blank">Eric Budish</a>, is a formal attempt to analyze bitcoin long run resistance to attack as a function of economic incentives. I am going to try ELI5 this paper and question some of its conclusions.