Slaying the myth of Bitcoin scarcity

Written by Efi Pylarinou

 

It was my 2nd year at Salomon Brothers on the 37th floor of the 7WTC when the Orange County Derivatives failure happened. If you read until the end of this article, you will find a brief resume of what happened then (History repeats itself) as a reminder that liquidity crises happen again and again - and when they do, we all discover a governance glitch the size of an elephant. Salomon Brothers, by the way, got the mandate to liquidate, in an orderly fashion, the Orange County portfolio which was loaded with...