Re: If you are waiting for the "despair phase" to buy like in 2011 consider this
yeah I don't think tulips solved the byzantine generals problem or could be configures easily as a trustless distributed network. But hey that's just me.
Solving the Byzantine generals problem is a pointless when you have no armies.
If you're impressed with trustless distributed networks which manage to solve it, there's a whole bevy of >>>/altcoins/.
Enjoy "investing" in them.
If I'm not being clear, I'll spell it out: No one but a handful of paranoid libers *care* about money being decentralized. Normal people just want money that
1) Is simple to use
2) Is accepted everywhere
3) Doesn't lose 75% of its buying power a year.
Bitcoin fails all three. So now you're in the know
I was reading in the Wall Street Journal how Oliver Bussman CIO of the Swiss bank USB was saying block chain technology can be used for financial instruments :
http://blogs.wsj.com/digits/2014/10/27/ubs-cio-blockchain-technology-can-massively-simplify-banking/
Pretty sure he said "Just like tulips" of course you can have side chains on tulips, for these financial instruments, unlike Bitcoin, so they are actually better...