Bitcoin and Its Emerging Market Structure

combination of (a) ruinous inflation followed by (b) a soaring BTC/USD price and then (c) the attempt by an insolvent federal government to seize Bitcoin from citizens.

The vital thing to remember is that the collective brainpower applied to all the challenges facing bitcoin and other cryptocurrencies is enormous.

with debt and subject to central-bank interventions, overstretched asset prices, and market interconnections whose fault lines were revealed six years ago but never fixed, many analysts assume another is inevitable. There’s also a payments-technology precedent: M-Pesa in Kenya, which you will recall got its big break during that country’s 2007 poli

“What would it seem like if it did seem like a global, digital, sound, open, programmable money was monetizing from absolute zero?”