Bitcoin Will Be Money If It Becomes Boring

People avoid a currency whose value bounces all over the place.

Where's it heading?

Photographer: Ethan Miller

Is bitcoin ever going to become money? That’s certainly on the mind of bitcoin enthusiasts and backers of the blockchain record-keeping technology that potentially makes it possible. It’s also on the minds of the economists at central banks, who wonder how the new currency will affect their ability to manage inflation and economic growth. The answer to the question depends on the answer to a much deeper question: What is money, anyway?

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