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Author of "101 Projects"
Join Date: Jan 1995
Location: Rolling Hills Estates, CA
Posts: 27,056
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I'm reading the articles on Bitcoin today. One thing that occurred to me is that this is a classic chicken / egg issue. So, the speculators (nearly everyone in Bitcoin these days) want to get in on the "next big thing" and capitalize on appreciation. But these speculators will eventually need the "mainstream" to jump on board (banks, car companies, regular businesses, etc.). But the "regular" businesses won't get on board until the volatility issue is solved. But the volatility is what is driving the speculators into the market (i.e. you wouldn't invest in Bitcoin if you didn't think that it was going to appreciate in the volatile future). Also, the environmental issue will keep the "regular" businesses away. I speak specifically of Bitcoin, for which again, I think is version 1.0.0 and is most likely to be replaced by some better crypto in the near future. I really want to figure out what that might be - I think to the crypto community, it might be obvious when it finally arrives. It might be the Facebook thing, it might be something else, who knows...
-Wayne
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