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Bitcoin isn’t the first revolutionary currency

21 May Bitcoin isn’t the first revolutionary currency

Posted at 20:58h in Bitcoin News by

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MarketWatch/Terrence Horan


Attempts to reinvent money have a long history.

NEW HAVEN, Conn. (Project Syndicate) — The cryptocurrency revolution, which started with bitcoin in 2009, claims to be inventing new kinds of money. There are now nearly 2,000 cryptocurrencies, and millions of people worldwide are excited by them. What accounts for this enthusiasm, which so far remains undampened by warnings that the revolution is a sham?

One must bear in mind that attempts to reinvent money have a long history.

As the sociologist Viviana Zelizer…

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