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Feb 5, 2015

Bitcoin libertarians now desperately need the government’s help

Posted by in category: bitcoin

Quartz

Bitcoin’s ideological foe is becoming its saving grace.

To many Bitcoin enthusiasts, the decentralized currency’s allure was that it was designed to exist beyond the reach of government regulation. Free from central banks, its value wasn’t tied to government policies or geopolitical factors.

But now it seems the very regulation its creator or creators (since we don’t actually know who first minted Bitcoin) guarded against is what’s now buoying the cryptocurrency’s price. Read more

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