Why Is The State Letting Bitcoin Succeed?

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On the sur­face, Bit­coin seems poised to take over as the world reserve cur­ren­cy based on the game the­o­ry of peo­ple con­verg­ing on the adop­tion of a sin­gle hard and sound currency. 

The orig­i­nal cryp­tocur­ren­cy has offi­cial­ly entered into its teenage years fol­low­ing the pub­li­ca­tion of the white paper on Octo­ber 31, 2008. Plebs have been stack­ing bit­coin since the gen­e­sis block was mined on Jan­u­ary 3, 2009. Both pri­vate and pub­lic com­pa­nies have been accu­mu­lat­ing it, and even gov­ern­ments have tak­en the plunge. Look­ing at the macro pic­ture is cer­tain­ly excit­ing from the stand­point of an ear­ly adopter. 



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