Who Let the Doge Out

Uncanny Valley | WIRED · Feb 12, 2021 · 39m

When Bitcoin first appeared out of digital thin air, it was hailed as having the potential to upend the way people spent money. But more than a decade later, cryptocurrency is still only trickling into the mainstream.

This week, Tesla bought $1.5 billion worth of Bitcoin and said it plans to start accepting it as a form of payment for its electric vehicles. The price of Bitcoin immediately spiked as the move seemed to signal a shift toward broader acceptance of cryptocurrency in general. But is this just another fleeting Elon Musk stunt, or will it actually be a sustainable way of doing…