Bitcoin Has Become A Victim Of Its Own Success

Jon Schwarz on Twitter: “If you bought $1,000 of bitcoin the day Matt Damon’s “Fortune favors the brave!” commercial came out, it would now be worth $375.

Bitcoin was supposed to be a rebellion against traditional finance, but now it’s another asset class. It was supposed to cutout bankers and middlemen, but it’s just created new ones. It was supposed to be a fuck you…

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indi.ca

indi.ca

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Indrajit Samarajiva is a writer from Sri Lanka, grumpily in Oxford for a while. Sign up for my newsletter at www.indi.ca, and you can reach me at indi@indi.ca.