Bitcoin’s success has the potential to disrupt a lot of ideas about money. According to Stephen Mihm, “Anyone who thinks that Bitcoin will triumph has to believe that it will succeed where earlier generations of private currencies failed — that Bitcoin will, improbably, manage to overthrow more than century’s worth of accumulated state power, jealously guarded and ruthlessly enforced. That’s a preposterous fantasy — and a dangerous one, if you’re an investor. Indeed, people who believe that governments of the world will let a stateless cryptocurrency usurp their hard-won monetary prerogatives aren’t forecasting the future. They’re living in the past,” the University of Georgia professor wrote in an article on Bloomberg News.
Some people assume that all Bitcoin advocates are motivated by a libertarian political agenda. That is certainly not my agenda. I'm a lifelong Democrat who supported Obama in the last two elections. I think the Federal ...
Last year's nerd money fad has become this year's most talked about product. Ultimately, nature abhors a vacuum and with western political leadership an increasingly distant memory, citizens are becoming increasingly ...
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