“Bitcoin isn’t a currency. It’s a commodity,” writes Matthew O’Brien of the Atlantic, arguing that without the control of a central bank, “it’s a speculative bubble.” While it’s ... Matthew O'Brien. The Atlantic. November 21, 2013 . Reblog. Share. Tweet. Share. View photos. We were promised jetpacks. We got Segways instead. Well, we didn't get Segways. Nobody did. At least ... That won’t sway The Atlantic writer’s mind. O’Brien believes “Bitcoin… has deeper problems. Its product doesn’t work.” However, Washington has had a dog in the Bitcoin fight ,since ... The increasing price of Bitcoin will increase demand for Bitcoin -- it's a speculative bubble -- just as hoarding is reducing supply. In other words, prices will go vertical. Partying Like It's ... As the Atlantic‘s Matthew O’Brien wrote, “Bitcoin is a Ponzi scheme libertarians use to make money off each other—because gold wasn’t enough of one for them.” This may be changing however.
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