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Topic: [2016-06-06] medium.com | “When Bitcoin Grows Up” (Read 285 times)

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“When Bitcoin Grows Up”

The ten pound note is worth what it claims it is because the state, in the form of the Bank of England, says so, and we choose to believe it. This is what students of currency call ‘fiat’ money, money whose value has been willed into being by the state...

https://medium.com/science-and-innovation/when-bitcoin-grows-up-d8a1a3aaca46#.eqwoxa1wh
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