The Economist Asks: Will Bitcoin’s Blockchain Change The World?

Legendary news publication “The Economist” has seen fit to not only acknowledge the innovations of Blockchain’s technology but produce a feature story on it for the current October 31 weekly edition. The cover story’s title is called, “The trust machine – How the technology behind bitcoin could change the world.” Here we go over some excerpts and the basic tenor of the piece.

The Economist is one of the Western world’s oldest and most trusted publications

As you may already be aware, Bitcoin does not have a sterling reputation within the mainstream media, if that fact has alluded you to this point, The Economist makes sure you get that realization stated up front as fact within the story’s first sentence, which succinctly reads “Bitcoin has a bad reputation.” The online edition fails to reveal a name of an author for this story.

This first sentence sets up the article with a short summary of why the generally negative reputation has been established, so far. By the middle of the second paragraph, it does not refute any issues with the public image Bitcoin. They seem to have little interest in disputing its validity, but they rush

Read more ... source: TheBitcoinNews