Peer2Politics

Cabinet Office minister Matthew Hancock claims that innovations in the
technology industry could lay the foundations for better public services

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.