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Bitcoin crossed $1000 on the first day of 2017. Its market cap is at all-time highs. It is testament to massive transformation ahead:
“When one studies the history of money one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that was regularly used to exploit and defraud them. This can be explained only by the myth (that the government prerogative was necessary) becoming so firmly established that it did not occur even to the professional students of these matters (for a long time including the present writer!) ever to question it. But once the validity of the established doctrine is doubted its foundation is rapidly seen to be fragile.” – Friedrich August Hayek in The Denationalization of Money.
Bitcoin is the first successful private form of money. It is decentralized. It cannot be eliminated short of destruction of the entire internet. And other bitcoin-type blockchain technologies such as Ethereum and Ripple are growing exponentially.
2017 offers a brave new world.
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wow. nice
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I am very excited about Bitcoin and Steem but remember;
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