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Bitcoin will be remembered as a historically insignificant fallacy

Unlike other important ideas, problems associated with cryptocurrencies remain unsolved

| North America
An advertisement of Bitcoin near Shibuya train station in Tokyo in January 2018: There was never a real market test for bitcoin's fantastical claims.    © AP

Neil Seeman is a senior fellow at the Institute for Health Policy, Management and Evaluation at the University of Toronto, where he is senior academic adviser to the Investigative Journalism Bureau and a senior fellow at Massey College. He is chairman of RIWI.

Is bitcoin significant to the history of ideas? Satoshi Nakamoto, the pseudonym for bitcoin's presumed inventor or team of inventors, described bitcoin as a peer-to-peer electronic cash system.

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