Why People Get Religious about Bitcoin

he Bitcoin phenomenon isn’t about a bunch of people who all believe the cryptocurrency is a good investment. That’s part of it. But for many, the belief in Bitcoin’s power to transform society runs much deeper: it’s almost an article of faith. Where does this fervor come from? To understand, it’s important to keep in mind that “the blockchain” is not really a thing.

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To many people, Bitcoin’s breakthrough is just as much about social innovation as it is technical. They believe the new model it represents can revolutionize how people share value and do business online.

 

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