a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
ooli  ·  3820 days ago  ·  link  ·    ·  parent  ·  post: 1 BTC traded over 1000 USD

In 5 years, we'll all be sad that bitcoin failed to become what it meant to be.

The speculation around the currency is the worst thing that could happen. Anything (like the tulip in the XVIII, modern art, houses, etc) can become a vehicle for speculation. But once it reach these amount of madness it become just that: an investment.

Nobody will use it. It will never be an independent money system. And , in the end, it will crash.

If I was in the board of director of the FED, getting the bitcoin to become a new Tulip market would be a wet dream. It mean, it will never concurrence the "real" currencies.