2013 has been a breakout year for Bitcoin, the virtual payment system. I haven’t written anything on it to date but I have been following the market. Here are some ideas on Bitcoin based on what I have seen.
First, Bitcoin as an idea is something that proponents view as an alternative to state money, which many believed is unreliable or manipulated by government for contentious political aims. Irrespective of why proponents of Bitcoin reject state money, Bitcoin is intrinsically a symbol of freedom. The Bitcoin movement is anti-government in nature then, something that sees freedom as inherently linked to freedom from government oppression or control. In today’s age of universal Internet surveillance, one can understand the sentiment. I have my doubts about the current...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.