“Contrary to popular misconception, bitcoin is not unregulated. Rather, several aspects of the bitcoin network and financial system are regulated by mathematical algorithms. The algorithmic regulation in bitcoin offers predictable, objective, measurable outcomes.”

–Bitcoin evangelist Andreas M. Antonopoulos, who has appeared before the Australian Senate as part of an inquiry into that country’s treatment of digital currencies.

What a crock. There’s no such thing as an objective algorithm, especially in this arena. It was created by humans.

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