4 years ago
1
Why Bitcoin will Fail
For the past few years, Bitcoin and the other cryptocurrencies have been on fire. From seemingly out of nowhere, what was once an obscure technocrats’ dream now has thousands of evangelizers shouting its glory. While I try to avoid bandwagons, the false confidence Bitcoin has gained aroused me to write an article on the matter. I do not wish to spend much time on the subject so I will briefly explain why Bitcoin will fail. It does not require special foresight to predict Bitcoin’s gloomy future. Most of this stuff is common sense once a fundamental understanding of money is grasped.
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Just plain wrong.
-- Lewis Carroll