I’m not keeping an open mind about Bitcoin, and nor is the government

Dgwb blog white border

I saw a number of excited, and entirely mistaken, tweets saying that the British government are supporting Bitcoin, when they are doing nothing of the sort. In fact, the relevant UK Minister merely said that they government are keeping an “open mind” about Bitcoin. They’re not: they are keeping an open mind about the blockchain, and that’s much more interesting.

It is meaningless to say that British government will “legalise” Bitcoin. Oh, and wrong, too.

Dgwb blog white border

People say the silliest things about Bitcoin. It isn’t legal tender and it never will be. The reason that some people say otherwise is that they don’t understand what legal tender is and they don’t understand what Bitcoin is.


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