Publisher’s Note: One of the hardest working young college graduates I’ve met in recent years, Patrik Korda, was kind enough to contribute an essay shown below regarding the issue of “Bitcoin”.
For context, Bitcoin is a newly formed digital currency which has rapidly grown in popularity (as well as in price) following the Cyprus banking system collapse. The chart below is the price performance of Bitcoins, which have seen a market cap expansion of almost 20x—from about $50mm to roughly $1B where it stands today—in less than one year.
By Patrik Korda
‘It is also important to make certain that our efforts are
directed at the decisive core of the problem and not on distracting side
issues. The more complex the difficulties we face, the more important
it becomes to bear this in mind, for it is human nature to try to evade
what we cannot cope with‘
- Bernard Baruch, My Own Story