Bitcoin Will Never Be a Currency—It’s Something Way Weirder

 
The value of bitcoin surged past $1,000 this week, the first time it has reached such heights since late 2013. But don’t let that big number fool you: this strange and controversial technology is no closer to becoming a mainstream currency. Even Olaf Carlson-Wee, the first employee at Coinbase, the country’s most important bitcoin company, will tell you that bitcoin will never be a substitute for the dollar.

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