Bitcoin: The Days of Future Past Explained

The Wall Street Journal ran an op-ed yesterday examining the future of Bitcoin by drawing parallels to private currencies in the past in order to try and make sense of the current cryptocurrency market.
Everything Old is New Again
The piece begins with the statement that for “most of its 10-year history, the digital currency bitcoin has been viewed by some people as the future of money.” In order to put that into context the writer, Paul Vigna, explains that in 2009 when Bi