Bitcoin, the Big Daddy of cryptocurrencies, which celebrates its 10th birthday today, rarely inspires temperate or informed debate.
For its detractors – mostly elderly bankers and economists – it is tulip-mania, moonshine, hi-tech smoke and mirrors. For its most fanatical adherents – techies and latter-day hippies – bitcoin is not merely a viable currency, but salvation: a universal panacea, not just to combat governmental ineptitude or malevolence, and poverty, but to end them. Hallelujah and kumbaya.Continue reading...
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