Bitcoin Is The New Wooden Nickel

I have a new post on Bitcoin up at The Baffler magazine’s website: “Bitcoin for Undergrads, Wall Street’s Next Pump-and-Dump.”

An excerpt:

Alex Morcos, the principal donor to the MIT Bitcoin experiment, is a co-founder of Hudson River Trading, one of the corporate villains cited in Flash Boys. Not one journalist who covered the MIT Bitcoin story last week connected those dots. None stopped to ask, “Why are the people who rigged the stock market so interested in pushing Bitcoin?”

If you haven’t read The Baffler before, you’ve been missing out. I’ve enjoyed and admired this on-again, off-again magazine for a long time and it is a delight to contribute.