The world of cryptocurrencies is still a mystery for most of us. This article seems plausible explaining the tendency of hoarding the bitcoin rather than exchange it and use it as a currency. But, there is always a but, if the author brings Goldman Sachs in it, with their predictions, he just lost me. We all know what happened with GS, so I dismiss this piece.

The “problem” asserted in the title isn’t backed up by relevent facts. Author is simply repeating groundless boogeyman theories: 1. Article asserts that rapidly rising prices make it difficult for institutions to accept bitcoin payments. In reality, actual price of bitcoin is irrelevant for USD conversions; existing payment systems in use by merchants automatically request the real-time USD-BTC exchange rate at the moment a transaction is generated - it doesn’t matter if that rate is 5% higher than it was yesterday or 50%, the merchant still ends up with the equivalent amount of bitcoin (and can keep the funds in USD to lock in the purchase rate no matter how volatile BTC itself is) 2. The Fed’s “2% inflation target” is being held up as a desired standard, despite the fact that the entire inflation-based fractional reserve banking model espoused by western central banks is inherently flawed; a system that can “print money” at will (beyond replacement of existing currency due to destruction/loss) or “create debt” by lending money it does not actually have on hand is quite simply bound to fail. (Both mathematics & history back this up) 3. Goldman Sachs is quoted as a source for current bitcoin price predictions, followed by a further price “prediction” of bitcoin losing over 50% of its value in a coming correction. The use of GS is an interesting choice here, as Vice has taken in hundreds of millions of dollars from large investors over the past several years, and now regularly features segments with central banking insiders like Jamie Dimon (JP Morgan CEO). Therefore it’s no surprise that this Vice article represents the prevailing viewpoint of a concerned central banking system that views the rapid expansion of cryptocurrencies as a direct threat to their economic model. Unlike fractional reserve banking, Bitcoin cannot be “loaned” unless the asset itself already exists - severely limiting the profit model of banks (but overall a much more stable & sustainable way of offering credit) I understand why this article may seem balanced, but it plays up concerns that don’t exist & relies on acceptance of an inherently flawed economic model (one that crypto significantly improves upon) to do so.

Like a few of the other articles I've read, this another failed to seize this opportunity to expose a larger issue: wide and early adoption of the bitcoin before the eradication of extreme poverty, which plagues nearly one billion people. The bitcoin is supposed to cap, theoretically just like any other gold-based currency, by 2200 at I think 28 or 29,000 in count. This would greatly entrench current income disparity in the world. Nor did the author address the cronie capitalist Ben Lawsky, who is no longer a financial regulator and now is profiting from consulting and advising banks on how to navigate the new regulations that he played a key part in establishing. Ultimately, this suffices as an opinion piece, nothing more.

It's an interesting topic but I would have likes to hear more varied opinions from financial experts. Lacked alot of content.

Very good read for somebody outside the world of Bitcoins. Explains in simple terms different aspects of the recent bitcoin deflation, and why it's not good at all. Really nice read.

Without knowing much more than what Bitcoin was, author, Peter McKay sheds light on the potential crisis for Bitcoin due to its recent behavior. Trusted article with supporting links to additional claims made.

The author does a great job of providing the proper content around Bitcoin's recent deflation and why it's problematic for any currency to have such big ups and downs. It's also a gret article for someone less familiar with the inner working of bitcoin.

An interesting introduction to the world of Bitcoin that goes over many of the current worries and successes. Gives a number of ways to dive deeper into the story through links and citations connected to the story.