[2014-09-02] Video: David Yermack on whether Bitcoin is a real currency

[LiteCoinGuy]

David Yermack on whether Bitcoin is a real currency

https://www.youtube.com/watch?v=XqH26KMFoAU


hint: no  

[Lethn]

These include Bitcoin’s inability to act as a medium of exchange or a store of value or act as a unit of account.

I'm not even going to watch this video just based on the description, why the hell should I listen to such a blatant lie?

[Cubic Earth]

I think it was worth watching.  He was basically saying that right now bitcoin is not really money, but he left open the option that it could become more money like as volatility decreases, more people and companies accept it, and the usability and security of wallets improve.  He has a team of students doing bitcoin research.  I think he gets it.

[nwfella]

To be fair he does raise a good number of points regarding volatility and bitcoin's lack thereof however I feel as though he is missing the bigger picture here somehow...call it a gut feeling