I remember a conference almost a year ago. Bitcoin (and other cryptocurrencies) had started its major run; everyone was excited. In the panel discussions, the bitcoin proponents were talking about it reaching $100,000. This was what everyone was hoping for — bitcoin was finally taking off, and it was going to be HUGE. Cryptocurrencies were going to change the world! The true believers were talking about liberty and freedom. Johnnies-come-lately were jumping aboard to set up mining rigs as fast as they could get their hands on graphics cards.
Read the rest of Gerhard Oosthuizen’s, CTO of Entersekt, commentary here
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