Bitcoin: The Most Impressive Speculative Bubble In Modern History


frozen-bitcoin-bubble

Do you believe in Bitcoin’s future as the currency of choice?

The same technology that makes bitcoin secure as a means of exchange also makes it hideously inefficient compared to other payment technologies. But the more serious objection to bitcoin is that it enables criminals and terrorist organizations to move value around the world out of sight of national governments and law enforcement. Some nations that have already banned bitcoin include China, India, Sweden and Vietnam. So far none of the Anglo nations have been willing to prohibit this overt act of criminality – at least not yet.

The complete article

Christopher Whalen — The American Conservative

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