Call Me Stormy

Finding righteous currents in turbulent times

Bitcoin: The Wave of Future

When Facebook introduced Libra crypto currency, the move appeared to have merit as an option to paper money. But with politicians threatening regulation, Libra backers got scared and began to pull back in droves. Chances are, Libra will meet an untimely end.

Not so for Bitcoin, a crypto that’s been around for about 10 years. Bitcoin is mostly safe from government because it “lives” on thousands of individuals’ computers, so no government can stop it by pressuring any one company.

“It is the first currency we’ve ever seen that is decentralized. They’re threatened by it,” says Naomi Brockwell, tech reporter with an expertise on Bitcoin and blockchain. “They can’t shut it down.” Appearing on John Stossel on Reason.TV, Brockwell and investor Peter Schiff debate the Bitcoin issue.

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