Breathe ... bitcoin's just currency

Breathe ... bitcoin's just currency

The idea of bitcoin has a lot to recommend it. In particular, a global currency that requires few or no middlemen (thus keeping transaction costs low) has special appeal in a world where it seems like every bank and credit-card company is looking for yet another way to squeeze a few bucks or quid in "service fees" from customers who don't notice a lot of, you know, service. But it would be wise for even the most fanatical bitcoin devotee to remember this: bitcoin is still just a human invention. A highly clever and useful one, no doubt ... but still susceptible to all the human foibles and....


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