Is #Bitcoin Really Just a Stupid Idea?

Mike Beggs (@mikejbeggs on Twitter) has a really interesting article up on Jacobin about Bitcoin, and how, after all of this speculation and prognostication about freedom and the banks and the future of cryptocurrency and everything, it may actually be stupid. I know this may shock some of my tech-utopian friends, but this article, while long, does some important work explaining some questions I had but maybe couldn’t quite articulate.

It can be really difficult to understand economics in a broad sense, and especially confusing when studying currencies and currency exchange.

Check it out here:

The Dumb Money | Mike Beggs |

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