By now, you’ve probably heard of Bitcoin. You may have heard that it has made some people rich. You may also have heard that it’s a new form of digital money and that it’s the future of commerce, or that it’s a criminal enterprise and that it’s bad for the planet.
The messaging is confused and confusing, which is partly because no one person controls it — just like Bitcoin, which belongs to… well, all of us.
In this short essay, I want to help the Bitcoin-curious understand a few…