Bitcoin's Path From Insurgents’ Talisman to Tool of Big Tech

At first, you didn’t even need a pickax. The earliest prospectors of the California gold rush ventured into the Sierra foothills as solo travelers, sloshing through streams in search of nuggets dislodged by the current. That, at least, is the prevailing image: The individual renegade who headed west to strike it rich by his own initiative. But soon there were too many prospectors and too little easy gold. The task became more resource-intensive, requiring water to blast away the hills.

Learn about your ad choices: dovetail.prx.org/ad-choices