Blockchain economist article beering

---

The argument is that bitcoins have value for the same blockchain economist article beering reason that US dollars have value: One can marvel in the idea of blockchain without believing that bitcoin will retain its current market value. On balance, they are probably misplaced. Perhaps some cryptocurrencies will find temporary niches in drug trafficking, while others will be used for smuggling, and still others for tax evasion.

Many other blockchain-enabled cryptocurrencies have recently been floated, or so we are told, and there is no apparent reason why bitcoin should dominate over the others. Governments are beginning to crack down on bitcoin. Governments insist on being able to trace financial transactions. Blockchain economist article beering most likely answer is that the deep human desire for quick and easy wealth all too often ends as quick and easy despair.

Bitcoin seems too prone to illicit use and too vulnerable to government regulation to survive for the long term. Many observers claim though without blockchain economist article beering hard evidence that bitcoin transactions are heavily directed toward human and drug trafficking, tax evasion, and other illicit activities. They fight tax evasion, economic crimes, and terrorism by following the money.

What justifies such a surge in value? Governments are beginning to crack down on bitcoin. Governments are not likely to give up such prerogatives easily.

Many observers claim though without blockchain economist article beering hard evidence that bitcoin transactions are heavily directed toward human and drug trafficking, tax evasion, and other illicit activities. As governments tighten their grip, bitcoin prices will most likely fall, and perhaps collapse, though the timing is impossible to judge. What justifies blockchain economist article beering a surge in value? They could be correct. Nor is any individual or business obligated to accept bitcoins in payment for debts in national currencies.

---