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Noah Smith

Bitcoin Is the New Gold

Invest in it, perhaps. But don't try to shop with it.
1517343190_bitcoin and gold

I hate to say I told you so, but … well, I told you so. Bitcoin, while still a popular financial asset, is looking less and less like a currency. Online payments company Stripe is ending Bitcoin support. It cites several reasons for doing so:

A steady trickle of companies is no longer accepting Bitcoin as payment for goods and services. Such transactions never became very widespread in the first place. Even a Bitcoin conference in Miami refused to accept Bitcoin for its attendance fees!