Quote from: SmokeAndMirrors on July 09, 2011, 09:12:54 PM

Quote from: evoorhees on July 07, 2011, 05:10:55 PM

all new things are likely to fail.

I stopped reading here. This quote was probably mentioned and true quite sometime back when neanderthals ruled the earth. Saying something like this now is just retardant( Grin

).

Maybe you shouldn't stop reading as soon as a disagreeable point is made, for you may find such a point to be supported by reasoning following the making of said point =)

I said that all new things are likely to fail because it's true. New stuff tends to fail. New businesses, new products, new ideas. The tendency is to fail, and only a minority of them succeed after being tested in the real world. I didn't realize such an observation was contentious?

Statistically speaking, Bitcoin is likely to fail purely because it is new and revolutionary. However, the more one analyzes Bitcoin, the more sound it appears to be. The world will be a much better place if it succeeds... and good riddance to fiat.