Niall Ferguson: Will Bitcoin Banish U.S. Dollar, or Will U.S. Dollar Banish Bitcoin?

Ferguson, who often writes on financial history, identifies Bitcoin as perhaps the “most important network challenge to hierarchy,” since it potentially undermines “the time-honored state privilege to debase the currency” and offers many advantages over a fiat currency besides.

via Niall Ferguson: Will Bitcoin Banish U.S. Dollar, or Will U.S. Dollar Banish Bitcoin?.

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