Are Cryptocurrencies Inevitable?

Cryptocurrencies have proliferated in recent years. The financial news outlets report on its disruptive potential on a daily basis. ‘Bitcoin’ is officially part of the English language and Forbes Magazine declared 2013 to be the ‘Year of the Bitcoin.’ The number of cryptocurrencies is well in the hundreds and new ones are being created even before the world has had time to understand the old ones. Reporters can buy sandwiches, defense attorneys can charge their clients,