Bitcoin

[Deviant Ollam]

Re: Bitcoin

it's very turbulent, and like any new system it will go through a lot of ups and downs (and possibly will fail, even while paving new ground that a different and alternative system will use after them)... but i'm very interested in the idea of strong-crypto-based, decentralized currency.

i think that if it could be made to work reliably and if people could one day put genuine faith and trust in it, it would be a wonderful tool of change and empowerment. anything that allows parties to engage in commerce free from oversight and restriction is a terrific resource that i'd love to see explored more. the fact that it's crypto-based and that said encryption was constructed by an author who really knows his shit is pretty kickin'

[theprez98]

Re: Bitcoin

IMO Bitcoin will inevitably die a painful death, and a lot of people are going to lose (more) real money.

[astcell]

Re: Bitcoin

I agree. Bitcoin is as valuable as the community wishes it to be. In reality there is no backing with anything of hard value, or even the good faith and word of the issuer, as in many currencies today.

I think Bitcoin will one day go the way of Humphrey the $5,000 beanie baby camel and the One Hundred Trillion Dollar banknote of Zimbabwe. Then again I may be missing out on the equivalent of the first issued share of IBM.