Bitcoin and the Fictions of Money by QUENTIN HARDY


By QUENTIN HARDY

Past the basics, all money is make-believe. We turn paper dollars into grilled steaks when both trust the United States government. That makes Bitcoin the latest sign that its tech elite believers want something beyond the old nation state. Other math-based borderless currencies, and likely more to come, signify their own values.

Published: January 27, 2014 at 12:00AM

from NYT Technology http://nyti.ms/1clvXu6
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