A group of blind men heard that a strange phenomenon, called Bitcoin, had been brought to the town, but none of them were aware of its shape and form. Out of curiosity, they said: “We must inspect and know it by touch, of which we are capable”. So, they sought it out, and when they found it they groped about it. The first person, whose hand landed on the crypto exchanges, said, “This is like an online Casino!”. For another one whose hand reached libertarian Bitcoin believers, it seemed like a religious or political Movement. As for another person, whose hand was upon citizens of authoritarian countries evading capital controls, said Bitcoin is a Product. The blind man who placed his hand upon the cryptography papers and open source repositories, said it is a Technology.
Cryptocurrency is a controversial topic. Yet much of the debate around it is confused because, like the blind men in the parable, both advocates and critics have a myopic view of what it is.