>Then you'll find out about Santayana's curse - those that don't study >history are doomed to repeat it. For reference, start with read John >MacKay, _Extraordinary Popular Delusions and the Madness of Crowds_.
MacKay turns out not to be all that accurate. The definitive work on financial bubbles is Kindleberger's "Manias, Panics, and Crashes: A History of Financial Crises." Get the 2005 5th edition, which was edited by Robert Solow after Kindleberger died. It's quite readable, and should help put Bitcoin in context. -- Regards, John Levine, jo...@iecc.com, Primary Perpetrator of "The Internet for Dummies", Please consider the environment before reading this e-mail. http://jl.ly _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
