Jul 142014
Non-monetary uses won't save Bitcoin...yet

I’ve spent a lot of my Bitcoin hater energy taking on explanations of how bitcoin is supposed to sustain its value despite having no use other than as a monetary instrument. But others will point out that one can, in fact, do other things with the Bitcoin system other than trade. This is good; I think Bitcoin, or cryptocurrencies in general, can potentially be saved by thinking in this sort of direction. Unfortunately, while some […]