Bitcoin is like nothing we have known. That makes it a fascinating subject,
but also impossibly difficult to comprehend, no matter what monetary theorists,
Internet entrepreneurs, Wall Street analysts or cryptographers tell us. It’s
called a virtual currency but that’s merely wishful at this stage. Some have
dubbed it “fool’s gold”. Nobel Prize-winning economist Paul Krugman thinks
that, conceptually, the Bitcoin is no different from the gold standard that
countries demolished in
has been a journalist for over a quarter century during which he has written on cricket, business, technology and many other subjects, from India, the US and other countries. He now lives in Ooty.
