Magic internet money—also known as cryptocurrency—is at an all-time high. The experts who watch this stuff predict that one bitcoin (the most famous cryptocurrency) will soon be worth $2,000. The big selling point of cryptocurrencies like bitcoin is their use of something called the blockchain to make any transaction mostly trustworthy. In a cryptocash economy, the blockchain renders treasuries, banks, credit cards, and other financial organs vestigial. Enthusiasts believe these decentralized, cryptographically sealed databases could starve inefficient middlemen from virtually any system.
Bitcoin could be a model for making environmentalism more efficient
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