Central Banks Fail to Bail Gox, Proving Superiority of Bitcoin Economy (As Per Satoshi)

Central Banks Fail to Bail Gox, Proving Superiority of Bitcoin Economy (As Per Satoshi)

There's a meme onr/Bitcoin used to describe excessive Bitcoin optimism. "all news is good news." But despite the title, this isn't an "all good news" story. It's a story about what makes a successful economy. Surprisingly, the key to economic success is failure. I don't mean this in a cheesy, "there are no failures, only learning experiences" motivational poster way. I mean that for an economy to function efficiently, bad businesses need to falter and die, sometimes messily. Then those failed businesses need to be hacked apart, their accumulated resources scavenged and recycled back into....


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