Why Bitcoin Is More Like a Postage Stamp than a Currency (Op-Ed)

By April 11, 2015Bitcoin Business

It is quite common to argue that Bitcoin violates a king’s or nation’s privilege: the mint. We heard less noise when another public monopoly, the mail postal service, was privatized.

In the past, the post office was not always operated by the state. In Germany, the Von Thurn und Taxis family (originally Italian merchants) had the privilege of operating the postal service for centuries. They became incredibly rich and were titled princes.

Like the Medici family […]

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