by Vijay Selvam* Bitcoin has failed. Seventeen years since inception, Bitcoin remains a solution in search of a problem. With its eyewatering volatility, it has flopped as an inflation hedge. The much-touted scarcity of its 21-million-coin cap is rendered meaningless in a landscape teeming with thousands of other cryptocurrencies, each claiming to be scarce in its own […]
Bitcoin
An important area of concern among many cryptocurrency proponents revolves around the idea that the current banking and government finance systems are inherently unstable or inflationary. Ultimately all finance is about debits and credits, assets and liabilities. How would total adoption of crypto by a country change these?