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Author Topic: 2013-03-25 macrobusiness.com.au Bitcoin Bubble Or New Virtual Currency  (Read 651 times)
Piper67
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March 25, 2013, 02:14:56 AM
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http://www.macrobusiness.com.au/2013/03/bitcoin-bubble-or-new-virtual-currency/
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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March 25, 2013, 11:44:21 AM
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It was good to see that the author of that article posted quite a few informed comments rebuting some of the misinformation being presented in the comments section on his article.  Though, there are the most common criticisms of bitcoin present as well (ponzi scheme accusations, fractional reserve banking will destroy it, how can you be sure the creator/one of the early adoptors won't arbitrarily inflate the currency, etc...)

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