2014: Why Bitcoin is Important

By: Chris Tell at http://capitalistexploits.at/ “Bitcoin is the anti currency”; “Bitcoin, the currency of the future”; the “currency of the resistance”; “Bitcoin is a Fad”; “Bitcoin is a fraud”; “Bitcoin is a currency for drug dealers,  kiddy fiddlers and terrorists.” These are some of the opinions I’ve heard thrown around when discussing Bitcoin. I have no particularly original insights into Bitcoin, and I won’t pretend to understand the technology behind it. I can barely understand how my coffee machine makes such great coffee. This is the complexity of the world. Firstly, let me say that we think Bitcoin is “cool”. I love disruptive technologies. 5000 years ago shipping changed the world. I discussed this in depth in an article entitled Predicting Prosperity. I alluded to the “Guano age” of the 1800’s which was destroyed by the advent of nitrate-based fertilizers. The Internet, at least, the Internet that most of us […] Read More