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Bitcoin Can Become Untraceable.

reason.com · 1,852 words · saved by 1 readers

Bitcoin's true believers hold on through the wild price swings because they see enormous value in its properties as a...

Bitcoin's true believers hold on through the wild price swings because they see enormous value in its properties as a currency with a fixed number of units that can't be inflated by a central bank and its "uncensorability," meaning no government or corporation can prevent one party from sending value to another no matter the reason. "We support [bitcoin] because we've seen a need from dissidents under authoritarian regimes for it," says Alex Gladstein, the chief strategy officer at the Human Rights Foundation and author of Check Your Financial Privilege : Inside the Global Bitcoin Revolution .

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