Is Bitcoin Dead (Again)? by Samuel Patterson
RIP, tech journalism
Vivek Wadhwa published a piece at the Washington Post about Bitcoin. Here’s the takeaway, in his own words:
Bitcoin did have great potential, but it is damaged beyond repair. A replacement is badly needed.
Vivek is wrong. His article shows he has little knowledge of Bitcoin himself but relies on the word of others to form his opinion. This post will respond line by line to counter his claims.
Potential
Not long ago, venture capitalists were talking about how Bitcoin was going to transform the global currency system and render governments powerless to police monetary transactions.
Some venture capitalists may have said this. I’m guessing most VCs didn’t actually publicly endorse the idea that Bitcoin would “render...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
