Crypto and money: Notes and arguments (3)

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Business Day

To many crypto enthusiasts, there is only one valid cryptocurrency: bitcoin. Bitcoin “maximalists,” they call them. And who can blame them? Bitcoin “allows value to be sent from one person to another anywhere, anytime, with no one who can stop it (Leising, 2020).” You would have to shut down the whole internet to stop bitcoin. With quantum computing, you could overwhelm the bitcoin blockchain, though. But the field is not yet advanced enough to do that. A description of bitcoin by popular enthusiast and investor Marc Andreessen in the New York Times once is apt: “Bitcoin gives us, for the firs…

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