Quote from: 101100100110 on June 20, 2011, 07:30:57 PM

Hey all,

I'm a writer based in Chicago. I'm not a miner or trader, but I am very interested in the sociology and economics of the Bitcoin experiment.

I also find the goldbuggery / currency crankery that Bitcoin tends to attract to be personally hilarious. I was around for the adoption of the web, and I see something around Bitcoin that is very familiar to something I saw on USENET and early forums: a huge volume of dramatically wrong utterances espoused by so many people that the world as we knew it was over, man.

Right. Fifteen years later on, giant corporate monoliths are actually bigger, the biggest piles of capital are still pushed around by idiots whose only qualification is to have been pooped out of elite business schools, and with very few exceptions, internet entrepreneurship has created investment bubbles rather than substantive change in value creation.

Cryptocurrency is awesome. It isn't going to make economic libertarian whackos happy, though. The only thing that will do that is weed.

Anyway, I love P2P stories and I find Bitcoin amazing.

are you suggesting that the internet has not noticably changed the world?