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Title : Michael Lewis: The Stance That Bitcoin Volition Supplant Currency Is ‘Insane’
link : Michael Lewis: The Stance That Bitcoin Volition Supplant Currency Is ‘Insane’

Michael Lewis: The Stance That Bitcoin Volition Supplant Currency Is ‘Insane’

The San Francisco Chronicle reports:

Lewis said people had been nagging him to write almost bitcoin. So almost ii years ago, he agreed to drive downwardly to a fancy rented solid inwards Palo Alto that reeked of marijuana to maybe come across Satoshi Nakamoto, the cryptocurrency’s reputed inventor. Instead, he was greeted past times a grouping of bitcoin entrepreneurs who tried to convince him bitcoin would supercede currency.

He said they seat $5 worth of bitcoin on his band in addition to took him to a nearby java store to purchase a latte. After almost a one-half lx minutes fumbling alongside the bitcoin, which the store actually didn’t desire to convey because the toll was moving then quickly, he took a $5 nib out of his wallet.

“The technology was spectacular,” he said, referring to the newspaper bill...

Lewis said he in conclusion cashed inwards the bitcoin a few months agone for almost $600. The consider that bitcoin volition supercede currency “is insane.”

For the record, anyone who has bought Bitcoin at a toll higher upwards the cerise delineate inwards the nautical chart higher upwards is losing money on their purchase. Some receive got lost to a greater extent than than 60%.

-Robert Wenzel  

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