Happy Saturday y'all! Below, I have rounded up some things for you to think about this weekend:
1. The value of Bitcoin has plummeted due to orders from the Chinese government against its citizens using the cryptocurrency. The government doesn't want the Chinese people to use Bitcoin because it allows people to bypass banks and traditional payment processes entirely—instead they can pay for goods and services directly. This feature of the blockchain technology that serves as the foundation for Bitcoin has led some people to worry that the cryptocurrency will be used for money laundering and criminal activities as well.
That's all for this week's edition of Weekend Thoughts. Until next week, keep thinking wilder.