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April 13, 2013 05:00 pm GMT
A few months ago, while visiting a hacker friend's magnificent new San Francisco loft, he gestured to a little alcove stuffed with server racks and said: "And over there are the Bitcoin mines." I smiled and nodded, thinking, Oh, right, Bitcoin. Is that still a thing?Andy, if you're reading this, I apologize. Is it ever, and how. Over the last few weeks the hype around everyone's favorite distributed cryptographic currency has gone insane. It's a Ponzi scheme; no, it's the first instance of the third era of currency; no, it will spiral up and down forever; no, it's the new venture-capital frontier; no, it's an existential threat to the modern state.No, possibly, conceivably, maybe, and no. But: I realized this week that Bitcoin actually is a really big deal -- in a way that's been almost entirely obscured by all the hype.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RSk6cKxXP1o/
Beyond The Bitcoin Bubble
A few months ago, while visiting a hacker friend's magnificent new San Francisco loft, he gestured to a little alcove stuffed with server racks and said: "And over there are the Bitcoin mines." I smiled and nodded, thinking, Oh, right, Bitcoin. Is that still a thing?Andy, if you're reading this, I apologize. Is it ever, and how. Over the last few weeks the hype around everyone's favorite distributed cryptographic currency has gone insane. It's a Ponzi scheme; no, it's the first instance of the third era of currency; no, it will spiral up and down forever; no, it's the new venture-capital frontier; no, it's an existential threat to the modern state.No, possibly, conceivably, maybe, and no. But: I realized this week that Bitcoin actually is a really big deal -- in a way that's been almost entirely obscured by all the hype.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RSk6cKxXP1o/
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