Bitcoin is a victim of its own success

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It was never meant to be this way. 

With the price of Bitcoin skyrocketing by the hour, it’s either time to buy buy buy or step back a moment and ask ourselves just exactly how Bitcoin went from a proposed digital currency to an increasingly popular investment opportunity — and what that says about its future. As this is a blog post and not the internal dialogue of a cryptocurrency trader, we’re going to go with the second option. 

Launched in 2009 by a still unknown person (or persons) under the pseudonym of Satoshi Nakamoto, Bitcoin offered a decentralized currency that removed any sort of central authority from the mix. This, of course, is a fascinating idea — and over the following few years news outlets reported on it with a mixture of confusion and befuddled amusement (if they covered it at all). Read more…

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