The worst currency in history

Bitcoin has proved very popular with speculators. But as a currency, it's terrible.

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Bitcoin has an Adamsian kind of logic
(Image credit: Credit: Everett Collection Inc / Alamy Stock Photo)

Your columnist must admit that he doesn't really understand bitcoin. He certainly doesn't trust it. For a start, the process by which bitcoins are made? discovered? summoned into existence? is apparently called mining. From painful experience, Quintus can testify that Mark Twain was right when he said that "a mine is a hole in the ground owned by a liar".

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