bitcoin’s truth – Bitcoints


Published on September 17th, 2017 | by bitcoin


bitcoin’s truth

Even the most basic description of bitcoin – an intellectual test on a par with describing a collateralised debt obligation – elicits mental images of a digital back-alley shell game.
If you regard the Bank of England as an all-powerful insurer for the pound, there is no such institution behind bitcoin.
This lack of a central authority is one of the reasons why Dimon cavilled in such strong terms last week.
Without a backstop central bank, heist victims stand to lose everything, as with the collapse of the MtGox bitcoin exchange in 2014.
Most recently, Jurassic World helmer Colin Trevorrow was yanked off the final Star Wars instalment before filming began.


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