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Despite featuring its fair share of salacious material – including the run-up to the sentencing in the Ross Ulbricht trial, this week's news cycle was perhaps more mature in its assessment of bitcoin as a financial technology.
Spurred by the inclusion of former US Department of Treasury Secretary Lawrence Summers to Xapo's board of directors, more enterprising journalists sought to venture into topics that aimed to illuminate debates on bitcoin as a monetary system.
Arguments centered largely on whether bitcoin represents a truly unique breakthrough in the history of money, one that can only be compared to disruptive technologies like the Internet, or whether it is a passing fad, one that, despite promise, is doomed to repeat past mistakes.
Spurred by the inclusion of former US Department of Treasury Secretary Lawrence Summers to Xapo's board of directors, more enterprising journalists sought to venture into topics that aimed to illuminate debates on bitcoin as a monetary system.
Arguments centered largely on whether bitcoin represents a truly unique breakthrough in the history of money, one that can only be compared to disruptive technologies like the Internet, or whether it is a passing fad, one that, despite promise, is doomed to repeat past mistakes.
Full story: http://www.coindesk.com/bitcoin-headlines-bitcoin-hoarding-and-skepticism/