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#TIL 15: Bitcoin Fail


Today I read up on the state of Bitcoin via this article by Mike Hearn. My PhD work was on alternative physical local currencies, so I’ve always been interested in Bitcoin as another kind of effort to build a medium of exchange. The apparently now-unsolvable technical issues underpinning Bitcoin, combined with failure of its community to address them when it could, is a pretty strong lesson in the organization of collective action. Money is hard, gang.