bitcoin: A failed idea: Why we might need to burst the Bitcoin bubble by ourselves

Consequentialism is a category of ethical theories purporting that the outcome of a set of conduct by an individual or a group, are the ultimate denominator of judgment about the rightness or wrongness of that conduct. I think it’s about time we collectively, look identify the zero-sum consequentialism of Bitcoins.

In 2008, the Lehman Brothers collapse triggered a global economic crisis with effects that reverberated around world markets. What followed was a period of economic slowdown that challenged people’s faith in the existing financial infrastructure. When Bitcoin was launched in such a politico-economic setting, Blockchain became media’s darling, generating unprecedented user interest. Initial investments drove the prices and the opportunity of quick returns accompanied by continued public intrigue which has remained steady for the last decade.

Satoshi Nakamoto got behind the Bitcoin with the intention to fight central authority’s control over money, which…