In a year or so, people will not be discussing bitcoin in the column at the grocery store or on the bus, as they are at the moment. Here’s why. Bitcoin is the making of justified annoyance. Its designer clearly said the cryptocurrency was an answer to the government cruelty of fiat currencies like the money or euro. It was imaginary to provide a self-sufficient, peer-to-peer payment system base on a virtual currency that could not be desecrated since there was a limited number of them.
That dream has long since been chuck out in favor of raw assumption. Ironically, most people care about bitcoin because it appears like an effortless way to get more fiat coins. They do not own it because they want to procure pizzas or chatter with it. Besides being a very bad way to conduct automatically – it’s agonizingly deliberate – bitcoin’s triumph as a …Read More