FAQ?

Should bitcoin be a government-endorsed currency?

Using bitcoin as a government-endorsed currency had a number of obvious issues: Cryptocurrency has a stupendous money-laundering problem, the price of bitcoin is incredibly volatile, and cryptocurrencies remain difficult and unwieldy to use. Building a payment system that users trust takes time.

Is El Salvador about to adopt bitcoin as a currency?

In a video played at the Bitcoin Miami conference in Florida on June 5, Bukele announced a major economic policy change: El Salvador would be adopting bitcoin as an official currency, running in parallel with the U.S. dollar, the country's currency since 2001.

Does bitcoin belong to the Internet?

It belongs to the internet. By Parag Khanna, the founder and managing partner of FutureMap, and Balaji S. Srinivasan, an angel investor and entrepreneur. An image of Bitcoin and U.S. currency is displayed on a screen during the Interpol Global Congress in Singapore on July 4, 2017. Roslan Rahman/AFP via Getty Images

What will happen to the Bitcoin Trust?

The very first thing that will happen is that the trust will be drained by holders of tainted bitcoins getting rid of them as fast as possible; the trust will become a gateway to launder $150 million of dirty bitcoins.