Reality Bytes: Bitcoins may yet have a future
Among financial commentators, there has been one common reaction to bitcoins all week: sneering. But is it warranted, asks Adrian Weckler.
Among financial commentators, there has been one common reaction to bitcoins all week: sneering. Columnists, celebrity economists and other commentators have described bitcoins as "pathetic", "a scam" and "built on nothing".
By and large, it's entertaining stuff. But is it fair? Reading and listening to dismissal after dismissal of bitcoins by traditional financial sources, one thing struck me: none benefits in any way from the rise of the new "cryptocurrency".
In other words, there are...
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