Bitcoin, which was founded a decade ago by the mysterious Satoshi Nakamoto, has gained worldwide renown. Yet its wild price swings have rendered it near unusable as a currency.
The London clubhouse built for activists who helped redesign Britain’s electoral system nearly two centuries ago offered a fitting setting for the crowd of technology entrepreneurs hoping to reinvent money.
Those gathered in the Reform Club near Buckingham Palace late last month were just a small part of a fast growing cohort of idealists and profit-seekers working feverishly on a new breed of digital currencies. Call them crypto 2.0. These coins should, as with Bitcoin, allow direct payments between two parties without meddling middle men or government oversight. Yet, unlike the original cryptocurrency, be stable enough to use in everyday transactions.
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