Bitcoin is making headlines again. Yet again, it’s drawing attention for the wrong reasons: It’s price appreciation. If your source of information about Bitcoin is mainstream media, you probably view bitcoin as just another financial instrument. The reality is that’s far from the truth.
“The business of journalism is about pure entertainment, not a search for truth” — Nassim Taleb
The real focus should be on the underlying technology of Bitcoin. In simple terms, it solves one of mankind’s oldest problems: achieving consensus/ agreement between multiple parties without a central controlling authority.
Currently, we rely on banks to achieve consensus…