Post
Topic
Board Speculation
Re: Bitcoinica: When does it implode?
by
Matthew N. Wright
on 03/01/2012, 01:26:18 UTC
So far it's just like driving by a serious auto accident
I stopped reading right there because I make a fortune off of my businesses in the Bitcoin community, lead several development teams to develop better standards for many of the technologies that even you will be using this year, and am having loads of fun learning all about micro-economics and micro-politics. The only auto accident is this forum and its more--erm-- 'passionate' members (most of which have already been banned).

Some of the press coverage creates the impression that bitcoin aspires to be some kind of serious alternative or business vehicle.
I'm sure the members of this forum would LOVE it if that were true, but not even I believe in Bitcoin as-is. When used in combination with other systems such as ripple, open transactions, etc, it can be a true problem solver. Personally though, the concept of having to burn energy and ruin computers just to process the blockchain is one giant leap I've never been able to fully make. Thankfully I'm in no position of any kind of political power so my opinion doesn't matter half as much as my services to people willing to pay for them.


Do threads ever get closed here?

Only due to lack of interest.