Bitcoin Is the Segway of Currency - The Atlantic

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Bitcoin could be Paypal 2.0, but it will never be the dollar 2.0. Not when prices would have had to fall 98.5 percent the past year if they'd been set in terms of Bitcoin.. Matthew O'Brien Matthew O'Brien is an associate editor at The Atlantic covering business and economics. He has previously written for The New Republic. That's Bitcoin, the virtual currency you can theoretically use to buy things online. See, there's a predetermined number of bitcoins that will only grow at a low rate until 2040—and then stop. Doesn’t seem very cool, like, say, a gold doubloon, but the market decides what’s cool, despite what Matthew O’Brien at The Atlantic thinks. Apparently, he’s not a big fan of the cybercurrency Bitcoin. He writes that only techno-libertarians will transact business in Bitcoin, and compares the cybercoin of the virtual realm to Segways. O ... Matthew O'Brien at the Atlantic has a great piece back in April on why Bitcoin is not a currency but a pure bet. I have to agree. Simply looking at the chart above, one can clearly see that price ...

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