I was wrong about Bitcoin

posted by
October 3, 2011
Daily Anarchist
by Seth King  
Posted in Commentary

"Since its inception I have always been in opposition to Bitcoin as money. To me the idea of trading one unbacked currency for another was foolhardy. That it could compete against Federal Reserve Notes long-term was wishful thinking. And that it had values in ways silver could not was absurd. I thought Bitcoin was nothing more than an unsound currency and short-term fad destined for failure. I now believe I was wrong." (10/02/11)



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