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When I say that Bitcoin is a currency of distrust, I'm just repeating what Bitcoin fans themselves say. There may be good reasons not to trust the banks and governments that create dollars, yens, and other currencies – but that doesn’t change the fact that the preference for Bitcoin is based on distrust of human institutions. Why is this an alarming development? Because the whole purpose of money is to create trust between strangers. Financial devices like currencies, bonds and shares – 90% of w
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