Some altcoin memes are more equal than others

Somealtcoinmemes are more equalthanothers
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Bitcoin may be many things: a cheaper and more efficient payments mechanism, a decentralised form of QE, an extreme way to break through the ZLB, a worthy private substitute for cash, an opportunity to stick it to the man or even a speculative investment opportunity of a lifetime.

What it isn’t, however, is a fair distribution of income.

Steven Englander at Citi comes to a similar conclusion, despite previouslyappearing a tad more enthusiastic about the idea of a private currency gaining traction.

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