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What Is Bitcoin? Not What You Think

November 29, 2017 11:22 PM
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While bitcoin is a wonderful academic creation, it doesn’t do most of the things that would be expected of a currency

It is plausible to believe that bitcoin’s had a faster rise in value than any asset in history. The $11,000 per bitcoin it passed on Wednesday compares with a value of less than half a cent when a Florida programmer paid 10,000 bitcoins for two pizzas in May 2010—a percentage gain of more than 250 m...

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