Thursday, December 19, 2013

Alex Payne — Bitcoin, Magical Thinking, and Political Ideology

Excerpt from a stark Bitcoin reality check
"To those less kind, Bitcoin has become synonymous with everything wrong with Silicon Valley: a marriage of dubious technology and questionable economics wrapped up in a crypto-libertarian political agenda that smacks of nerds-do-it-better paternalism. With its influx of finance mercenaries, the Bitcoin community is a grim illustration of greed running roughshod over meaningful progress."
Alex Payne — Bitcoin, Magical Thinking, and Political Ideology
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