Bitcoin may not last, but blockchain could be the real deal

Economist Nouriel Roubini, aka Dr. Doom since he predicted the 2008 financial crisis, called it “the mother of all bubbles.” The head of the Royal Bank of Scotland, Sir Howard Davies, invoked Dante’s Inferno to warn investors off it. JPMorgan Chase CEO Jamie Dimon flat-out called it a “fraud” – at least initially. The target of this opprobrium was bitcoin, the oldest and most popular of the more than 1,300 so-called cryptocurrencies that were created to provide a globally accepted means of payment that is anonymous, untraceable and outside the purview of governments and banks.

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