Bitcoin Is (Still) Not Money (Yet)

Part 4 on our biography of bitcoin's evolution as a payment technology.

Five years ago I wrote a couple of short pieces which laid out my thinking on the challenges that bitcoin had on it's way to becoming "money". 

The overarching conclusion was simple:

This conclusion was based on the inherent tension between the decentralized, almost semi-autonomous nature of bitcoin (the ‘cool’ part), and the scale issues the technology …