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Bitcoin Quote of the day
Bitcoin is not a currency for a government; it is a global currency for the people.
Bitcoin represents a significant threat to the currency domination of the USA, which is the only thing propping up the nation’s status as a worldwide superpower.
It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.
I think the fact that within the bitcoin universe an algorithm replaces the functions of the government is actually pretty cool. I am a big fan of bitcoin.
If we have a bitcoin universe, you don't get to print money for war. You don't get to have money for a prison/industrial complex. You don't get money for a war on drugs. You have to ask the people.
The gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous.
There is going to be enormous amounts of resistance to the adoption of bitcoin, but I really believe that it's about the most peaceful revolution that we can have in this world.
Bitcoins are not an investment. They are an investment fad that someday could be a real digital currency, but if they continue to behave as they have, they will instead be nothing.