What is it with these newbies & their first posts always being negative FUD?
Every single day I log in here to see wumming & FUD, what purpose does it serve?
If people think bitcoin has no future & aren't interested in investing in it then why are they here?
This is what happens when you remove the newbie jail that we have in place. These threads are very common in this section and in economics.
the article is saying governments can outcompete Bitcoin by creating their own cryptocurrencies. ...
That's what I got from it also. But why would I want controlled money that works in one place when I could have math based money that works everywhere? This is the same as businesses thinking they could create a digital money. Actually, what they are creating is just a frequent flier mile. A store of value for one purpose that someone else controls. Do I want that?
I thought that one of the fundamental reasons for Bitcoin was the separation of money and state (i.e. people becoming their own banks). The essay is a waste of time and people should not read it.