Although some of the enthusiasm for bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a few and controlled by even fewer, without accountability, arbitration, or recourse.
says the Chicago branch of the
Federal Reserve, apparently without any sense of irony whatsoever.

Yeah I literally cracked up laughing at that. Somewhere out there in the infinite multiverse there is a universe that has collapsed in on itself due to the inanity of that statement.