The Trouble With Cryptocurrency’s Viral Growth [The New York Times]
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Source: The New York Times
When it comes to Bitcoin and the like, government oversight should be a feature, not a bug . By Ross Hartshorn Mr. Hartshorn is an independent software developer. Sept. 25, 2018 Image Credit Credit Illustration by Yu Chun Christopher Wong/S3studio, via Getty Images Cryptocurrencies like Bitcoin have lost over half their value so far in 2018, and more than that since late 2017. These virtual currencies have crashed before, but this time they seem in no hurry to gain back lost ground, largely because recent evidence has revealed problems with the new technology. In one recent study, a team of academic researchers said that market manipulation might have been behind Bitcoin’s steep increase in value in 2017. And a recent report by the New York attorney general’s office found substantial risk that consumers who invested in cryptocurrency could lose access to it, either temporarily or permanently, if there were problems at their exchange. The r
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