Most people, when considering whether to get involved with Bitcoin, look to the ebbs and flows in its price. This way of thinking is misguided.

The value of Bitcoin is not in its price at any given moment, but in the collective work of the thousands of people who maintain it. These are often highly intelligent people, more than capable of getting cushy jobs in San Francisco or Wall Street, who instead choose to spend their time working on a strange, emerging technology. It is by virtue of this intellectual capital that Bitcoin has a price at all.

The following…

Nate Nelson

Tech writer.

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