What I like about Bitcoin, the blockchain and cryptocurrencies, is that it sends me to new parts of the Internet I didn't know before. One area if finances and legal blogs. In my post Opening up the financial system, I referred to what I thought were 4 great articles on the topic. I read another one today that I'd consider adding to the list.
The article is The Bitcoin Boom: Asset, Currency, Commodity or Collectible? by Aswath Damodaran, Professor of Finance at the Stern School of Business at NYU. It's not an optimistic view. It is a quite neutral view of Bitcoin for what it really is. In fact, the point of the article is trying to define what it is.
What I like is that the author goes in-depth and makes the case for Bitcoin as a currency.
He then proposes three possible paths that he sees for Bitcoin as a currency, from best case to worst case. Here's number 2:
Gold for Millenials. I like that.