Bitcoin was cool until it sucked


Cloud 1

Suddenly no one seems to be talking about Bitcoin anymore.

As a general rule, things that are practical tend to be neither cool nor fun. This handy-dandy heuristic also provides some insight into why, as Bitcoin became more well-known, as more stuff sprung up around it, and as cryptocurrency in general became a “space” for “innovation,” Bitcoin itself went down the drain. It’s currently worth around $3,500 per coin, which is $1,000 less than the current electricity cost of mining one on your computer. (Disclosure: I own about $50 worth of Bitcoin because I am dumb as shit.)

The complete article

Drew Millard — The Outline

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