Bitcoin Is Pointless as a Currency, But It Could Change the World Anyway

Despite it’s oxymoron of a title, this is a great piece by Felix Martin for Wired drawing some interesting parallels between Bitcoin and the monetary system of sixteenth-century Europe. Bitcoin has enjoyed a great deal of support up until now, but the jury is still out as to whether it will turn in to a viable, stable currency or go down in history as a somewhat lengthy flash in the pan. Hopefully, though, for the reasons Felix laid out in his conclusion, Bitcoin will.