Quote from: cbeast on June 29, 2011, 02:44:44 AM

Quote from: proudhon on June 28, 2011, 11:00:00 PM

Quote from: peach on June 28, 2011, 09:29:51 PM

http://blogs.forbes.com/petercohan/2011/06/28/can-bitcoin-survive-is-it-legal/

Can Bitcoin Survive? Is It Legal?

tl;dr = bitcoin will probably fail.

The author uses Flooz as an example of a failed online currency. Flooz was based in New York City. Flooz was a dotcom, bitcoin is not a dotcom. The company was investigated by the FBI. Bitcoin is decentralized. The FBI has no jurisdiction over the global economy. There is absolutely no comparison.

I keep hearing about this comparison of Bitcoin to failed digital currencies, and specificly Beans and Flooz. Yet I had never even heard of either of them before Bitcoin. I can't see how either of them could still compare at all, did either make a market cap of over $100 million?