Bitcoin. An anonymous somebody dropped this link into a recent comments sections. Would any of you techies or econ experts out there care to comment on it?
I’ve become so inherently distrustful of new online money systems after watching so many fall (and one fall with my money in it) that I admit I no longer even try to evaluate them. I figure they’ll eventually evaluate themselves via their success or failure in the real world. This one’s … different.
And of course, one day one or more of them will succeed. And change the world. Probably not this one. But someday …
Years ago, I heard libertarian economist Joe Furig (RIP) compare the the Federal Reserve to the Vatican. He said it’ll probably never go away, but eventually it will no longer rule the world and will be nothing more than a minor influence.