THE MIRACLE OF BITCOIN One of the most miraculous aspects of bitcoin is how it bootstrapped support in a decentralized manner. The importance, and difficulty, of being the first currency to do so cannot be emphasized enough. Until people understand how bitcoin works, they often argue that it has no value as currency because, unlike what they’re used to, you can’t see it, touch it, or smell it. Paper currency has value because it is mutually agreed upon by members of society that it has value. It’s much easier for society to agree to this with a government involved. Getting a global society to
...more
