Bitcoin Cannot Be Counterfeited Counterfeiting has plagued currency since its invention. Ancient rulers debased coins by mixing base metals with gold. Modern criminals print sophisticated fake bills that fool detection. The US Secret Service was founded specifically to combat counterfeiting. Each advance in anti-counterfeiting technology is matched by advances in counterfeiting techniques. This arms race […]
Bitcoin Is Money In Every Sense Economists define money by three functions: it must store value over time, serve as a medium of exchange for goods and services, and function as a unit of account for pricing and measurement. For decades, Bitcoin critics claimed it failed these tests. Too volatile to be a store of […]