Bitcoin is a racist currency

Krugman’s post sums up the silliness of Bitcoin concisely. Is it evil? Well, that is a tough word for something that is inherently silly. Brad DeLong has updated his latest post on Bitcoin. Charlie Stross wants to see Bitcoin “die in a fire“, which probably is not needed. A much lower temperature will see to that.

But one point has been overlooked. Who is able to acquire this digital currency? Only people with a computer, or access to it. So that puts for example millions of Indians, Africans etc. out of any chance to get this, presumedly, safe store of value. Especially Indians are known not to trust their currency and eager to rather invest in gold. It is easy for them to buy gold, although the Indian government makes it tougher and more expansive.

Bitcoin just does not care about these people.