Whoopsie Daisy Bitcoin!

“I could go over the various ways that Bitcoin is bad at being money— how it sucks for transactions, has an associated serious risk of scammers and hackers, and is wildly volatile — but the fact that it’s been used primarily for speculation I think makes the case for me. The many people who’ve sent the value of Bitcoin up aren’t viewing it as the technology or money of the future, they just like Number Go Up. Well, now Number is Going Down.”