By James Corbett, May 25th, 2013.

            For the most part I've held off throwing my hat into (or keeping it out of) the ring during the recent bout of Bitcoin-mania. This isn't out of ignorance of the currency. Back in May 2011, before most people had even heard of the crypto-currency, I interviewed a man calling himself “The Real Plato” claiming to be on “the world's first Bitcoin road trip” traveling across America paying his way exclusively in Bitcoin. No, it's not ignorance that has kept me out of the Bitcoin arena up until this point; it's ambivalence.

            If ambivalence were a power I'd be a superhero. For the longest time I've had the most uncanny ability to see both the potential good and the potential bad in a new idea simultaneously, often in equal measure. Ambivalence is either my fatal flaw or my saving grace. I haven't decided yet.

            When it comes to Bitcoin, this ambivalence of mine has left me particularly on the fence. The debate that has taken place in recent months seems, from my perspective, to have played out on the far poles of opinion on the matter. All we have heard are arguments between the currency's ardent defenders—who seem too strident, too ardent, too zealous for my liking—and its staunch opponents—who seem too categorical, too unimagi...
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