“Why bitcoin will fail” – Apenwarr | $3.12

Last updated on January 2nd, 2018 at 12:00 am

Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . . . Even if it became popular, governments would squash it because of #1 and because they like being in power. . . . With bitcoin, a single failure of the cryptosystem could result in an utter collapse of the entire financial network.

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