What passes for a good press column on Bitcoin and crypto-currencies in early 2014: Our Flawed Financial System is Reflected in Bitcoin.
- Opening giant photo of physical gold coins that completely misrepresents the topic being discussed — CHECK!
- Preemptive and condescending sneering that Bitcoin could be useful in any way — CHECK!
- Nearly willful ignorance about technical specifics about Bitcoin, such as divisibility — CHECK!
- Handwavy praising of a theoretically far superior system (“Bitnote”) that does not actually exist — CHECK!
And yet, some really good macro points that are worth considering — which is what makes it a good piece on balance. Pieces like this read IDENTICALLY to comparable pieces 20 years ago about the Internet, even the same sequence of points! So fascinating.