The Problems with Bitcoin


Good piece that I hits the points that have unsettled me about bitcoin all along…

I want Bitcoin to die in a fire: this is a start, but it’s not sufficient. Let me give you a round-up below the cut.Like all currency systems, Bitcoin comes with an implicit political agenda attached. Decisions we take about how to manage money, taxation, and the economy have consequences: by its consequences you may judge a finance system. Our current global system is pretty crap, but I submit that Bitcoin is worst.

via Why I want Bitcoin to die in a fire – Charlie’s Diary.

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