Rebutting the NY Post’s Lazy Criticisms of Bitcoin

Rebutting the NY Post’s Lazy Criticisms of Bitcoin

On Thursday, New York Post columnist John Crudele published a patronizing critique of the MIT Bitcoin project, an initiative announced last spring that will see every undergraduate at MIT receive about US$100 worth of bitcoins this fall. Crudele’s main problem with this project is that he feels MIT is being irresponsible in letting students mess around with money he feels has questionable value. Crudele’s argument is dripping with scorn and riddled with logical fallacies. In the near future, the leaders of Massachusetts Institute of Technology will have to decide whether they want to take....


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