I think Bitcoin is a massive conceptual and helpful step forward.
Bitcoin actually has the balance and incentives right, and that is why it is starting to take off.
The bigger thing with bitcoin is not bitcoin itself, but what does that decentralized technology really do?
I think bitcoins are obviously becoming more and more relevant.
So bitcoin is cyber snob currency.
The bitcoin world is this new ecosystem where it doesn't cost that much to start a new bitcoin company, it doesn't cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world.
The joke is that U2's new record only looked like a virus. Enjoy mining bitcoins for me losers.
Bitcoin isn't tied to any commodity - besides trust.
Bitcoins are not an investment. They are an investment fad that someday could be a real digital currency, but if they continue to behave as they have, they will instead be nothing.
With Bitcoin hard-coded to be limited, it’s like a collectible.
The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.
I don't think BitCoin has ever been anything but a legitimate enterprise. Currency is currency, it's used for good and ill.
