My Money Is Cooler Than Yours
Why the new electronic currency Bitcoin is a favorite of libertarian hipsters and criminals.
The most immediate risk, though, seems to be that Bitcoins will facilitate transactions for criminals, online poker players, tax-evaders, pornographers, drug dealers, and other unsavory types tired of carrying around a Vermeer. In that case, here is to hoping Bitcoin remains the currency that it is: cool, webby, free, and niche.
Annie Lowrey, formerly Slate’s Moneybox columnist, is economic policy reporter for the New York Times.
Photograph of currency by BananaStock/Thinkstock Images