Back when Bitcoin was cool, hip, and anti-establishment, even the mainstream intellectual thought leaders liked it. In October 2011, Joshua Davis wrote a long celebratory piece for The New Yorker of all places. It was a different time, a different era, with different hopes and partisan fault lines. Den was bumbling around in its first post-high-school gap year, having not yet acquired a taste for economics or sarcasm, and barely learned to read deeply or write for an audience ( The Silk Road ...

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