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Came here to say exactly this. I read the article, but I couldn't see any logic to substantiate the claims of the title. Also, what is this supposed to mean? "
by ioquatix 14y ago
Came here to say exactly this. I read the article, but I couldn't see any logic to substantiate the claims of the title.
Also, what is this supposed to mean? "After all, unlike real money, Bitcoin isn’t the coin of the realm. It is, at best, currency competition. Since it lacks the social contract of real money, it’s likely to last only as long as the U.S. or other governments allow it to last."
How does bitcoin lack a "social contract" and how does this have anything to do with the U.S. government?